Monopoly Dollars and Sense
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|Ivars Peterson (MathLand)|
|The same rules underlie all of the varied editions of Monopoly, which feature themes ranging from golf to your favorite city. It's possible to describe the game in terms of a mathematical construction called a Markov chain, named for the Russian mathematician Andrey A. Markov (1856 1922). Markov studied systems of objects that change from one state to another, according to specified probabilities. When an initial state can lead to subsequent states, and these states, in turn, can lead to additional states, the result is a Markov chain.|
|Levels:||High School (9-12), College|
|Resource Types:||Games, Articles|
|Math Topics:||Discrete Math, Probability|
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