Master of Science (MS)
We present how blackjack is related to a discrete-time control problem, rather than a zero-sum game. Using the compiler Visual C++, we write a program for a strategy for blackjack, but instead of maximizing the expected value, we use a risk-averse approach. We briefly describe how this risk-averse strategy is solved by using a special type of dynamic programming called fractional dynamic programming.
Document Availability at the Time of Submission
Release the entire work immediately for access worldwide.
Dutsch, Ryan A., "A risk-averse strategy for blackjack using fractional dynamic programming" (2003). LSU Master's Theses. 1835.