Mathematics

1 August, 17:33

There are k players, with player i having value vi > 0, i = 1, ..., K. In every period, two of the players play a game, while the other k - 2 wait in an ordered line. The loser of a game joins the end of the line, and the winner then plays a new game against the player who is first in line. Whenever i and j play, i wins with probability

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