The Theory of Gambling and Statistical Logic Revised Edition

The Theory of Gambling and Statistical Logic  Revised Edition
Author: Richard A. Epstein
Publsiher: Gulf Professional Publishing
Total Pages: 450
Release: 2014-06-28
ISBN 10: 0080571840
ISBN 13: 9780080571843
Language: EN, FR, DE, ES & NL

The Theory of Gambling and Statistical Logic Revised Edition Book Review:

[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.

The Theory of Gambling and Statistical Logic

The Theory of Gambling and Statistical Logic
Author: Richard A. Epstein
Publsiher: Academic Press
Total Pages: 456
Release: 2009-09-28
ISBN 10: 9780080958613
ISBN 13: 0080958613
Language: EN, FR, DE, ES & NL

The Theory of Gambling and Statistical Logic Book Review:

Early in his rise to enlightenment, 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. Recent advances in the field, particularly Parrondo's paradox, have triggered a surge of interest in the statistical and mathematical theory behind gambling. This interest was acknowledge in the motion picture, "21," inspired by the true story of the MIT students who mastered the art of card counting to reap millions from the Vegas casinos. Richard Epstein's classic book on gambling and its mathematical analysis covers the full range of games from penny matching to blackjack, from Tic-Tac-Toe to the stock market (including Edward Thorp's warrant-hedging analysis). He even considers whether statistical inference can shed light on the study of paranormal phenomena. Epstein is witty and insightful, a pleasure to dip into and read and rewarding to study. The book is written at a fairly sophisticated mathematical level; this is not "Gambling for Dummies" or "How To Beat The Odds Without Really Trying." A background in upper-level undergraduate mathematics is helpful for understanding this work. o Comprehensive and exciting analysis of all major casino games and variants o Covers a wide range of interesting topics not covered in other books on the subject o Depth and breadth of its material is unique compared to other books of this nature Richard Epstein's website: www.gamblingtheory.net

The Theory of Gambling and Statistical Logic

The Theory of Gambling and Statistical Logic
Author: Richard A. Epstein
Publsiher: Gulf Professional Publishing
Total Pages: 450
Release: 1995
ISBN 10: 9780122407611
ISBN 13: 012240761X
Language: EN, FR, DE, ES & NL

The Theory of Gambling and Statistical Logic Book Review:

Looks at game theory and the statistical probabilities of a variety of games, including dice games, blackjack, contract bridge, and horse racing.

The theory of gambling and statistical logic

The theory of gambling and statistical logic
Author: Richard A. Epstein
Publsiher: Unknown
Total Pages: 135
Release: 2009
ISBN 10: 1928374650XXX
ISBN 13: OCLC:630542065
Language: EN, FR, DE, ES & NL

The theory of gambling and statistical logic Book Review:

The Theory of Gambling and Statistical Logic

The Theory of Gambling and Statistical Logic
Author: Anonim
Publsiher: Unknown
Total Pages: 492
Release: 1967
ISBN 10: 1928374650XXX
ISBN 13: OCLC:780473944
Language: EN, FR, DE, ES & NL

The Theory of Gambling and Statistical Logic Book Review:

The Theory of Gambling and Statistical Logic

The Theory of Gambling and Statistical Logic
Author: Richard A. Epstein (wiskundige.)
Publsiher: Unknown
Total Pages: 492
Release: 1969
ISBN 10: 1928374650XXX
ISBN 13: OCLC:901547479
Language: EN, FR, DE, ES & NL

The Theory of Gambling and Statistical Logic Book Review:

The Perfect Bet

The Perfect Bet
Author: Adam Kucharski
Publsiher: Basic Books
Total Pages: 288
Release: 2016-02-23
ISBN 10: 0465098592
ISBN 13: 9780465098590
Language: EN, FR, DE, ES & NL

The Perfect Bet Book Review:

"An elegant and amusing account" of how gambling has been reshaped by the application of science and revealed the truth behind a lucky bet (Wall Street Journal). For the past 500 years, gamblers-led by mathematicians and scientists-have been trying to figure out how to pull the rug out from under Lady Luck. In The Perfect Bet, mathematician and award-winning writer Adam Kucharski tells the astonishing story of how the experts have succeeded, revolutionizing mathematics and science in the process. The house can seem unbeatable. Kucharski shows us just why it isn't. Even better, he demonstrates how the search for the perfect bet has been crucial for the scientific pursuit of a better world.

Luck Logic and White Lies

Luck  Logic  and White Lies
Author: Jörg Bewersdorff
Publsiher: CRC Press
Total Pages: 568
Release: 2021-04-28
ISBN 10: 100037209X
ISBN 13: 9781000372090
Language: EN, FR, DE, ES & NL

Luck Logic and White Lies Book Review:

Praise for the First Edition "Luck, Logic, and White Lies teaches readers of all backgrounds about the insight mathematical knowledge can bring and is highly recommended reading among avid game players, both to better understand the game itself and to improve one’s skills." – Midwest Book Review "The best book I've found for someone new to game math is Luck, Logic and White Lies by Jörg Bewersdorff. It introduces the reader to a vast mathematical literature, and does so in an enormously clear manner. . ." – Alfred Wallace, Musings, Ramblings, and Things Left Unsaid "The aim is to introduce the mathematics that will allow analysis of the problem or game. This is done in gentle stages, from chapter to chapter, so as to reach as broad an audience as possible . . . Anyone who likes games and has a taste for analytical thinking will enjoy this book." – Peter Fillmore, CMS Notes Luck, Logic, and White Lies: The Mathematics of Games, Second Edition considers a specific problem—generally a game or game fragment and introduces the related mathematical methods. It contains a section on the historical development of the theories of games of chance, and combinatorial and strategic games. This new edition features new and much refreshed chapters, including an all-new Part IV on the problem of how to measure skill in games. Readers are also introduced to new references and techniques developed since the previous edition. Features Provides a uniquely historical perspective on the mathematical underpinnings of a comprehensive list of games Suitable for a broad audience of differing mathematical levels. Anyone with a passion for games, game theory, and mathematics will enjoy this book, whether they be students, academics, or game enthusiasts Covers a wide selection of topics at a level that can be appreciated on a historical, recreational, and mathematical level. Jörg Bewersdorff (1958) studied mathematics from 1975 to 1982 at the University of Bonn and earned his PhD in 1985. In the same year, he started his career as game developer and mathematician. He served as the general manager of the subsidiaries of Gauselmann AG for more than two decades where he developed electronic gaming machines, automatic payment machines, and coin-operated Internet terminals. Dr. Bewersdorff has authored several books on Galois theory (translated in English and Korean), mathematical statistics, and object-oriented programming with JavaScript.

Chance Luck and Statistics

Chance  Luck  and Statistics
Author: Horace C. Levinson
Publsiher: Courier Corporation
Total Pages: 357
Release: 2001-01-01
ISBN 10: 9780486419978
ISBN 13: 0486419975
Language: EN, FR, DE, ES & NL

Chance Luck and Statistics Book Review:

In simple, non-technical language, this volume explores the fundamentals governing chance and applies them to sports, government, and business. Topics includenbsp;the theory of probability in relation to superstitions, betting odds, warfare,nbsp;social problems, stocks, and other areas. "Clear and lively ...nbsp;remarkably accurate." —Scientific Monthly.

Everyday Probability and Statistics

Everyday Probability and Statistics
Author: M. M. Woolfson
Publsiher: Imperial College Press
Total Pages: 223
Release: 2008
ISBN 10: 184816033X
ISBN 13: 9781848160330
Language: EN, FR, DE, ES & NL

Everyday Probability and Statistics Book Review:

Probability and statistics impinge on the life of the average person in a variety of ways OCo as is suggested by the title of this book. Very often, information is provided that is factually accurate but intended to present a biased view. This book presents the important results of probability and statistics without making heavy mathematical demands on the reader. It should enable an intelligent reader to properly assess statistical information and to understand that the same information can be presented in different ways.

Bernoulli s Fallacy

Bernoulli s Fallacy
Author: Aubrey Clayton
Publsiher: Columbia University Press
Total Pages: 135
Release: 2021-08-03
ISBN 10: 0231553358
ISBN 13: 9780231553353
Language: EN, FR, DE, ES & NL

Bernoulli s Fallacy Book Review:

There is a logical flaw in the statistical methods used across experimental science. This fault is not a minor academic quibble: it underlies a reproducibility crisis now threatening entire disciplines. In an increasingly statistics-reliant society, this same deeply rooted error shapes decisions in medicine, law, and public policy with profound consequences. The foundation of the problem is a misunderstanding of probability and its role in making inferences from observations. Aubrey Clayton traces the history of how statistics went astray, beginning with the groundbreaking work of the seventeenth-century mathematician Jacob Bernoulli and winding through gambling, astronomy, and genetics. Clayton recounts the feuds among rival schools of statistics, exploring the surprisingly human problems that gave rise to the discipline and the all-too-human shortcomings that derailed it. He highlights how influential nineteenth- and twentieth-century figures developed a statistical methodology they claimed was purely objective in order to silence critics of their political agendas, including eugenics. Clayton provides a clear account of the mathematics and logic of probability, conveying complex concepts accessibly for readers interested in the statistical methods that frame our understanding of the world. He contends that we need to take a Bayesian approach—that is, to incorporate prior knowledge when reasoning with incomplete information—in order to resolve the crisis. Ranging across math, philosophy, and culture, Bernoulli’s Fallacy explains why something has gone wrong with how we use data—and how to fix it.

Ten Great Ideas about Chance

Ten Great Ideas about Chance
Author: Persi Diaconis,Brian Skyrms
Publsiher: Princeton University Press
Total Pages: 272
Release: 2019-10-08
ISBN 10: 0691196397
ISBN 13: 9780691196398
Language: EN, FR, DE, ES & NL

Ten Great Ideas about Chance Book Review:

In the sixteenth and seventeenth centuries, gamblers and mathematicians transformed the idea of chance from a mystery into the discipline of probability, setting the stage for a series of breakthroughs that enabled or transformed innumerable fields, from gambling, mathematics, statistics, economics, and finance to physics and computer science. This book tells the story of ten great ideas about chance and the thinkers who developed them, tracing the philosophical implications of these ideas as well as their mathematical impact.

The Mathematics of Gambling

The Mathematics of Gambling
Author: Edward Thorp
Publsiher: Lyle Stuart
Total Pages: 161
Release: 1984
ISBN 10: 9780897460194
ISBN 13: 0897460197
Language: EN, FR, DE, ES & NL

The Mathematics of Gambling Book Review:

Mathematics of Casino Carnival Games

Mathematics of Casino Carnival Games
Author: Mark Bollman
Publsiher: CRC Press
Total Pages: 308
Release: 2020-10-20
ISBN 10: 1000192032
ISBN 13: 9781000192032
Language: EN, FR, DE, ES & NL

Mathematics of Casino Carnival Games Book Review:

There are thousands of books relating to poker, blackjack, roulette and baccarat, including strategy guides, statistical analysis, psychological studies, and much more. However, there are no books on Pell, Rouleno, Street Dice, and many other games that have had a short life in casinos! While this is understandable — most casino gamblers have not heard of these games, and no one is currently playing them — their absence from published works means that some interesting mathematics and gaming history are at risk of being lost forever. Table games other than baccarat, blackjack, craps, and roulette are called carnival games, as a nod to their origin in actual traveling or seasonal carnivals. Mathematics of Casino Carnival Games is a focused look at these games and the mathematics at their foundation. Features • Exercises, with solutions, are included for readers who wish to practice the ideas presented • Suitable for a general audience with an interest in the mathematics of gambling and games • Goes beyond providing practical ‘tips’ for gamblers, and explores the mathematical principles that underpin gambling games

Probability Choice and Reason

Probability  Choice  and Reason
Author: Leighton Vaughan Williams
Publsiher: CRC Press
Total Pages: 310
Release: 2021-09-15
ISBN 10: 1000458873
ISBN 13: 9781000458879
Language: EN, FR, DE, ES & NL

Probability Choice and Reason Book Review:

Much of our thinking is flawed because it is based on faulty intuition. By using the framework and tools of probability and statistics, we can overcome this to provide solutions to many real-world problems and paradoxes. We show how to do this, and find answers that are frequently very contrary to what we might expect. Along the way, we venture into diverse realms and thought experiments which challenge the way that we see the world. Features: An insightful and engaging discussion of some of the key ideas of probabilistic and statistical thinking Many classic and novel problems, paradoxes, and puzzles An exploration of some of the big questions involving the use of choice and reason in an uncertain world The application of probability, statistics, and Bayesian methods to a wide range of subjects, including economics, finance, law, and medicine Exercises, references, and links for those wishing to cross-reference or to probe further Solutions to exercises at the end of the book This book should serve as an invaluable and fascinating resource for university, college, and high school students who wish to extend their reading, as well as for teachers and lecturers who want to liven up their courses while retaining academic rigour. It will also appeal to anyone who wishes to develop skills with numbers or has an interest in the many statistical and other paradoxes that permeate our lives. Indeed, anyone studying the sciences, social sciences, or humanities on a formal or informal basis will enjoy and benefit from this book.

Optimal Play

Optimal Play
Author: Stewart N. Ethier,William R. Eadington
Publsiher: Unknown
Total Pages: 550
Release: 2007
ISBN 10: 9780979687303
ISBN 13: 0979687306
Language: EN, FR, DE, ES & NL

Optimal Play Book Review:

Mathematics in Games Sports and Gambling

Mathematics in Games  Sports  and Gambling
Author: Ronald J. Gould
Publsiher: CRC Press
Total Pages: 354
Release: 2015-10-28
ISBN 10: 1498719538
ISBN 13: 9781498719537
Language: EN, FR, DE, ES & NL

Mathematics in Games Sports and Gambling Book Review:

Mathematics in Games, Sports, and Gambling: The Games People Play, Second Edition demonstrates how discrete probability, statistics, and elementary discrete mathematics are used in games, sports, and gambling situations. With emphasis on mathematical thinking and problem solving, the text draws on numerous examples, questions, and problems to explain the application of mathematical theory to various real-life games. This updated edition of a widely adopted textbook considers a number of popular games and diversions that are mathematically based or can be studied from a mathematical perspective. Requiring only high school algebra, the book is suitable for use as a textbook in seminars, general education courses, or as a supplement in introductory probability courses. New in this Edition: Many new exercises, including basic skills exercises More answers in the back of the book Expanded summary exercises, including writing exercises More detailed examples, especially in the early chapters An expansion of the discrete adjustment technique for binomial approximation problems New sections on chessboard puzzles that encourage students to develop graph theory ideas New review material on relations and functions Exercises are included in each section to help students understand the various concepts. The text covers permutations in the two-deck matching game so derangements can be counted. It introduces graphs to find matches when looking at extensions of the five-card trick and studies lexicographic orderings and ideas of encoding for card tricks. The text also explores linear and weighted equations in the section on the NFL passer rating formula and presents graphing to show how data can be compared or displayed. For each topic, the author includes exercises based on real games and actual sports data.

Introducing Statistics

Introducing Statistics
Author: Eileen Magnello
Publsiher: Icon Books Ltd
Total Pages: 176
Release: 2014-06-05
ISBN 10: 1848317735
ISBN 13: 9781848317734
Language: EN, FR, DE, ES & NL

Introducing Statistics Book Review:

From the medicine we take, the treatments we receive, the aptitude and psychometric tests given by employers, the cars we drive, the clothes we wear to even the beer we drink, statistics have given shape to the world we inhabit. For the media, statistics are routinely 'damning', 'horrifying', or, occasionally, 'encouraging'. Yet, for all their ubiquity, most of us really don't know what to make of statistics. Exploring the history, mathematics, philosophy and practical use of statistics, Eileen Magnello - accompanied by Bill Mayblin's intelligent graphic illustration - traces the rise of statistics from the ancient Babylonians, Egyptians and Chinese, to the censuses of Romans and the Greeks, and the modern emergence of the term itself in Europe. She explores the 'vital statistics' of, in particular, William Farr, and the mathematical statistics of Karl Pearson and R.A. Fisher.She even tells how knowledge of statistics can prolong one's life, as it did for evolutionary biologist Stephen Jay Gould, given eight months to live after a cancer diagnoses in 1982 - and he lived until 2002. This title offers an enjoyable, surprise-filled tour through a subject that is both fascinating and crucial to understanding our world.

Mathletics

Mathletics
Author: Wayne L. Winston
Publsiher: Princeton University Press
Total Pages: 392
Release: 2012-03-18
ISBN 10: 1400842077
ISBN 13: 9781400842070
Language: EN, FR, DE, ES & NL

Mathletics Book Review:

How math can be used to improve performance and predict outcomes in professional sports Mathletics is a remarkably entertaining book that shows readers how to use simple mathematics to analyze a range of statistical and probability-related questions in professional baseball, basketball, and football, and in sports gambling. How does professional baseball evaluate hitters? Is a singles hitter like Wade Boggs more valuable than a power hitter like David Ortiz? Should NFL teams pass or run more often on first downs? Could professional basketball have used statistics to expose the crooked referee Tim Donaghy? Does money buy performance in professional sports? In Mathletics, Wayne Winston describes the mathematical methods that top coaches and managers use to evaluate players and improve team performance, and gives math enthusiasts the practical tools they need to enhance their understanding and enjoyment of their favorite sports—and maybe even gain the outside edge to winning bets. Mathletics blends fun math problems with sports stories of actual games, teams, and players, along with personal anecdotes from Winston's work as a sports consultant. Winston uses easy-to-read tables and illustrations to illuminate the techniques and ideas he presents, and all the necessary math concepts—such as arithmetic, basic statistics and probability, and Monte Carlo simulations—are fully explained in the examples. After reading Mathletics, you will understand why baseball teams should almost never bunt, why football overtime systems are unfair, why points, rebounds, and assists aren't enough to determine who's the NBA's best player—and much, much more. In a new epilogue, Winston discusses the stats and numerical analysis behind some recent sporting events, such as how the Dallas Mavericks used analytics to become the 2011 NBA champions.

What s Luck Got to Do with It

What s Luck Got to Do with It
Author: Joseph Mazur
Publsiher: Princeton University Press
Total Pages: 296
Release: 2010-05-17
ISBN 10: 1400834457
ISBN 13: 9781400834457
Language: EN, FR, DE, ES & NL

What s Luck Got to Do with It Book Review:

The hazards of feeling lucky in gambling Why do so many gamblers risk it all when they know the odds of winning are against them? Why do they believe dice are "hot" in a winning streak? Why do we expect heads on a coin toss after several flips have turned up tails? What's Luck Got to Do with It? takes a lively and eye-opening look at the mathematics, history, and psychology of gambling to reveal the most widely held misconceptions about luck. It exposes the hazards of feeling lucky, and uses the mathematics of predictable outcomes to show when our chances of winning are actually good. Mathematician Joseph Mazur traces the history of gambling from the earliest known archaeological evidence of dice playing among Neolithic peoples to the first systematic mathematical studies of games of chance during the Renaissance, from government-administered lotteries to the glittering seductions of grand casinos, and on to the global economic crisis brought on by financiers' trillion-dollar bets. Using plenty of engaging anecdotes, Mazur explains the mathematics behind gambling—including the laws of probability, statistics, betting against expectations, and the law of large numbers—and describes the psychological and emotional factors that entice people to put their faith in winning that ever-elusive jackpot despite its mathematical improbability. As entertaining as it is informative, What's Luck Got to Do with It? demonstrates the pervasive nature of our belief in luck and the deceptive psychology of winning and losing. Some images inside the book are unavailable due to digital copyright restrictions.