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The Theory of Gambling and Statistical Logic
Author: Richard A. Epstein
Publisher: Academic Press
ISBN: 012397870X
Pages: 465
Year: 2012-12-28
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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. Comprehensive and exciting analysis of all major casino games and variants Covers a wide range of interesting topics not covered in other books on the subject Depth and breadth of its material is unique compared to other books of this nature Richard Epstein's website: www.gamblingtheory.net
Basic Gambling Mathematics
Author: Mark Bollman
Publisher: CRC Press
ISBN: 1482208946
Pages: 284
Year: 2014-06-13
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Understand the Math Underlying Some of Your Favorite Gambling Games Basic Gambling Mathematics: The Numbers Behind the Neon explains the mathematics involved in analyzing games of chance, including casino games, horse racing, and lotteries. The book helps readers understand the mathematical reasons why some gambling games are better for the player than others. It is also suitable as a textbook for an introductory course on probability. Along with discussing the mathematics of well-known casino games, the author examines game variations that have been proposed or used in actual casinos. Numerous examples illustrate the mathematical ideas in a range of casino games while end-of-chapter exercises go beyond routine calculations to give readers hands-on experience with casino-related computations. The book begins with a brief historical introduction and mathematical preliminaries before developing the essential results and applications of elementary probability, including the important idea of mathematical expectation. The author then addresses probability questions arising from a variety of games, including roulette, craps, baccarat, blackjack, Caribbean stud poker, Royal Roulette, and sic bo. The final chapter explores the mathematics behind "get rich quick" schemes, such as the martingale and the Iron Cross, and shows how simple mathematics uncovers the flaws in these systems.
Mathematics in Games, Sports, and Gambling
Author: Ronald J. Gould
Publisher: CRC Press
ISBN: 1498719538
Pages: 354
Year: 2015-10-28
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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.
Fortune's Formula
Author: William Poundstone
Publisher: Hill and Wang
ISBN: 0374707081
Pages: 400
Year: 2010-06-01
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In 1956, two Bell Labs scientists discovered the scientific formula for getting rich. One was mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein's. The other was John L. Kelly Jr., a Texas-born, gun-toting physicist. Together they applied the science of information theory—the basis of computers and the Internet—to the problem of making as much money as possible, as fast as possible. Shannon and MIT mathematician Edward O. Thorp took the "Kelly formula" to Las Vegas. It worked. They realized that there was even more money to be made in the stock market. Thorp used the Kelly system with his phenomenally successful hedge fund, Princeton-Newport Partners. Shannon became a successful investor, too, topping even Warren Buffett's rate of return. Fortune's Formula traces how the Kelly formula sparked controversy even as it made fortunes at racetracks, casinos, and trading desks. It reveals the dark side of this alluring scheme, which is founded on exploiting an insider's edge. Shannon believed it was possible for a smart investor to beat the market—and William Poundstone's Fortune's Formula will convince you that he was right.
OpenIntro Statistics
Author: David Diez, Christopher Barr, Mine Çetinkaya-Rundel
Publisher:
ISBN: 1943450048
Pages:
Year: 2015-07-02
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The OpenIntro project was founded in 2009 to improve the quality and availability of education by producing exceptional books and teaching tools that are free to use and easy to modify. We feature real data whenever possible, and files for the entire textbook are freely available at openintro.org. Visit our website, openintro.org. We provide free videos, statistical software labs, lecture slides, course management tools, and many other helpful resources.
Conned Again, Watson!
Author: Colin Bruce
Publisher:
ISBN: 0099428571
Pages: 290
Year: 2002-01
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We all lose time and money because of bad decisions, perfectly happy in the illusion that our common sense is choosing the right path for us. In Conned Again, Watson! Sherlock Holmes uses his vast knowledge solve crimes and protect the innocent in a series of cautionary tales of greedy gamblers, reckless businessmen and ruthless conmen. From 'The Execution of Andrews' to 'The Case of the Gambling Nobleman' and 'The Case of the Paranoid Student', there has never been a more exciting way to learn when to take a calculated risk - and how to spot a scam. In this illuminating collection of twelve new Sherlock Holmes stories, challenges of logic, probability, statistics, game theory and more are illustrated. A thought-provoking introduction to maths relevant to everyday life, this book will change the way you look at making decisions.
The Design of Everyday Things
Author: Don Norman
Publisher: Basic Books
ISBN: 0465072992
Pages: 384
Year: 2013-11-05
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The ultimate guide to human-centered design Even the smartest among us can feel inept as we fail to figure out which light switch or oven burner to turn on, or whether to push, pull, or slide a door. The fault, argues this ingenious-even liberating-book, lies not in ourselves, but in product design that ignores the needs of users and the principles of cognitive psychology. The problems range from ambiguous and hidden controls to arbitrary relationships between controls and functions, coupled with a lack of feedback or other assistance and unreasonable demands on memorization. The Design of Everyday Things shows that good, usable design is possible. The rules are simple: make things visible, exploit natural relationships that couple function and control, and make intelligent use of constraints. The goal: guide the user effortlessly to the right action on the right control at the right time. The Design of Everyday Things is a powerful primer on how--and why--some products satisfy customers while others only frustrate them.
The Willpower Instinct
Author: Kelly McGonigal
Publisher: Penguin
ISBN: 1101553731
Pages: 272
Year: 2011-12-29
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Based on Stanford University psychologist Kelly McGonigal's wildly popular course "The Science of Willpower," The Willpower Instinct is the first book to explain the new science of self-control and how it can be harnessed to improve our health, happiness, and productivity. Informed by the latest research and combining cutting-edge insights from psychology, economics, neuroscience, and medicine, The Willpower Instinct explains exactly what willpower is, how it works, and why it matters. For example, readers will learn: Willpower is a mind-body response, not a virtue. It is a biological function that can be improved through mindfulness, exercise, nutrition, and sleep. Willpower is not an unlimited resource. Too much self-control can actually be bad for your health. Temptation and stress hijack the brain's systems of self-control, but the brain can be trained for greater willpower Guilt and shame over your setbacks lead to giving in again, but self-forgiveness and self-compassion boost self-control. Giving up control is sometimes the only way to gain self-control. Willpower failures are contagious—you can catch the desire to overspend or overeat from your friends­­—but you can also catch self-control from the right role models. In the groundbreaking tradition of Getting Things Done, The Willpower Instinct combines life-changing prescriptive advice and complementary exercises to help readers with goals ranging from losing weight to more patient parenting, less procrastination, better health, and greater productivity at work.
The Logic of Chance
Author: John Venn
Publisher:
ISBN:
Pages: 488
Year: 1876
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The General Theory of Employment, Interest, and Money
Author: John Maynard Keynes
Publisher: Springer
ISBN: 3319703447
Pages: 404
Year: 2018-07-20
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This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.
A Man for All Markets
Author: Edward O Thorp
Publisher: Oneworld Publications
ISBN: 1786070294
Pages: 400
Year: 2017-02-02
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Mathematics professor. Professional gambler. Tech inventor. Hedge fund heavyweight. Bestselling author. One of a kind. Edward O Thorp worked his way up from nothing to become a professor at MIT. Using one of their early computers for his calculations, he invented card counting, making huge winnings at blackjack, roulette and baccarat in Las Vegas and brushing shoulders with mobsters along the way. Thorp then went on to Wall Street, where he began a hugely successful career in the stock market, attracting the attention of global investors such as Warren Buffett. He used statistical techniques to find and exploit pricing anomalies in the securities markets and built a significant fortune, earning him the nickname 'The Godfather of Quants'. For the first time, Thorp shares his incredible life story, explaining how he made his money and giving advice to the next generation of investors.
How to Lie with Statistics
Author: Darrell Huff
Publisher: W. W. Norton & Company
ISBN: 0393070875
Pages: 144
Year: 2010-12-07
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Over Half a Million Copies Sold--an Honest-to-Goodness Bestseller Darrell Huff runs the gamut of every popularly used type of statistic, probes such things as the sample study, the tabulation method, the interview technique, or the way the results are derived from the figures, and points up the countless number of dodges which are used to full rather than to inform.
Theory and Metatheory in International Relations
Author: F. Chernoff
Publisher: Springer
ISBN: 0230606881
Pages: 223
Year: 2007-10-15
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This book uses three controversial contemporary American foreign policy problems to introduce students to the 'new debates' in international relations, in which the criticisms of constructivism, interpretivism, and postmodernism are presented against traditional positivist concepts of social science.
Research Methods for Business Students
Author: Mark N.K. Saunders, Philip Lewis, Adrian Thornhill
Publisher: Pearson Higher Ed
ISBN: 1292016647
Pages: 768
Year: 2015-07-15
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Research Methods for Business Students has been fully revised for this seventh edition and continues to be the market-leading textbook in its field, guiding hundreds of thousands of student researchers to success in their research methods modules, research proposals, projects and dissertations. So, if you're thinking . . . 'How do I choose my topic?' 'I'm confused by all these different philosophies' 'I need to collect my data; what do I do first?' ‘When and what do I need to write? . . . then, open this book to discover: Regular checklists and ‘Progressing your research project’ sections to give you step-by-step practical guidance on the process A glossary of clear definitions for 600 research terms Cases and examples of students’ and academics’ research and topical news articles illustrating research in practice Detailed chapters on choosing your topic, reviewing the literature, understanding philosophies, research design, access and ethics, secondary data, data collection and analysis, and writing about and presenting your research Don’t forget to visit www.pearsoned.co.uk/saunders where you can use online tutorials on research software, such as IBM SPSS Statistics and NVivo, test yourself with hundreds of multiple choice questions, analyse over 60 further case studies, and learn how to search the Internet more efficiently and effectively with our Smarter Online Searching guide! Start your project with confidence and complete it with success! Mark Saunders is Professor of Business Research Methods at The Surrey Business School, University of Surrey. Philip Lewis was a Principal Lecturer and Adrian Thornhill was a Head of Department, both at the University of Gloucestershire.
Rethinking Mathematics
Author: Eric Gutstein
Publisher: Rethinking Schools
ISBN: 0942961544
Pages: 179
Year: 2005-01-01
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A collection of more than thirty articles shows teachers how to weave social justice principles throughout the math curriculum, and how to integrate social justice math into other curricular areas as well.