Probability pp 243-270 | Cite as

Martingales

  • Alan F. Karr
Part of the Springer Texts in Statistics book series (STS)

Abstract

Martingales originated as mathematical models of fair gambling games, and because of the variety of situations in which they arise and the powerful theory that has been developed for them, have become central objects in probability and statistics. Along with Markov processes and stationary processes, they are one of three key departures from independence.

Keywords

Filtration Black Ball Stake Harness 

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Copyright information

© Springer Science+Business Media New York 1993

Authors and Affiliations

  • Alan F. Karr
    • 1
  1. 1.National Institute of Statistical SciencesUSA

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