A Note on the History of the Gambler's Ruin Problem
A Note on the History of the Gambler's Ruin Problem
This paper deals with the history of one of the well-known and historically important problems in probability, "Gambler's ruin". This problem was first solved by Pascal and Fermat and published by Huygens in 1657. It was studied and extended by many probabilists in early years and thus, it became an …