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Absolutely Fair

A sequence of random variates X_0, X_1, ... is called absolutely fair if for n=1, 2, ...,

<X_1>=0

and

<X_(n+1)|X_1,...,X_n>=0

(Feller 1971, p. 210).

See also

Martingale

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References

Feller, W. An Introduction to Probability Theory and Its Applications, Vol. 2, 3rd ed. New York: Wiley, 1971.

Referenced on Wolfram|Alpha

Absolutely Fair

Cite this as:

Weisstein, Eric W. "Absolutely Fair." From MathWorld--A Wolfram Web Resource. https://mathworld.wolfram.com/AbsolutelyFair.html

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