[Man] invented a concept that has since been variously viewed as a vice, a crime, a business, a pleasure, a type of magic, a disease, a folly, a weakness, a form of sexual substitution, an expression of the human instinct. He invented gambling. Richard Epstein's classic book on gambling and its mathematical analysis covers the full range of games from penny matching, to blackjack and other casino games, to the stock market (including Black-Scholes analysis). He even considers what light statistical inference can shed on the study of paranormal phenomena. Epstein is witty and insightful, a pleasure to dip into and read and rewarding to study.Contrary to the case for many card games, a mathematically tractable model provides no particular insight into the general strategy. Analyses of ... Thus, a set of dominoes consists of 28 unique pieces (in general, if each halfdomino exhibits up to n pips, then (n + 1)(n + 2)/2 pieces comprise a complete set, and each number from 0 to n occurs n + 2 times on the faces of the dominoes). After partitioning theanbsp;...
|Title||:||The Theory of Gambling and Statistical Logic, Revised Edition|
|Author||:||Richard A. Epstein|
|Publisher||:||Gulf Professional Publishing - 2014-06-28|