The Theory Of Gambling And Statistical Logic

The Theory of Gambling and Statistical Logic PDF
Author: Richard A. Epstein
Publisher: Academic Press
ISBN: 9780080958613
Size: 43.34 MB
Format: PDF, ePub
Category : Games & Activities
Languages : en
Pages : 456
View: 6690

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The Theory Of Gambling And Statistical Logic

by Richard A. Epstein, The Theory Of Gambling And Statistical Logic Books available in PDF, EPUB, Mobi Format. Download The Theory Of Gambling And Statistical Logic books, 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 Revised Edition

The Theory of Gambling and Statistical Logic  Revised Edition PDF
Author: Richard A. Epstein
Publisher: Gulf Professional Publishing
ISBN: 0080571840
Size: 16.16 MB
Format: PDF, Mobi
Category : Mathematics
Languages : en
Pages : 450
View: 5135

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The Theory Of Gambling And Statistical Logic Revised Edition

by Richard A. Epstein, The Theory Of Gambling And Statistical Logic Revised Edition Books available in PDF, EPUB, Mobi Format. Download The Theory Of Gambling And Statistical Logic Revised Edition books, [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 Analysis Communication And Perception Of Risk

The Analysis  Communication  and Perception of Risk PDF
Author: B.John Garrick
Publisher: Springer Science & Business Media
ISBN: 1489923705
Size: 29.15 MB
Format: PDF, Docs
Category : Medical
Languages : en
Pages : 714
View: 3512

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The Analysis Communication And Perception Of Risk

by B.John Garrick, The Analysis Communication And Perception Of Risk Books available in PDF, EPUB, Mobi Format. Download The Analysis Communication And Perception Of Risk books, The 1989 Annual Meeting of the Society for Risk Analysis dramatically demonstrated one of the most important reasons for having the Society - to bring together people with highly diverse backgrounds and disciplines to assess the common problems of societal and individual risks. The physical scientists emphasized the analytical tools for assessing environmental effects and for modeling risks from engineered systems and other human activities. The health scientists presented numerous methods of analyzing health effects, including the subject of dose-response relationships, especially at low exposure levels - never an easy analysis. The social and political scientists concentrated on issues of risk perception, communication, acceptability, and human touch. Others discussed such issues as cost-benefit analysis and the risk-based approach to decision analysis. Use of risk assessment methods for risk management continued to be a matter of strong opinion and debate. The impacts of state and federal regulations, existing and planned, were assessed in sessions and in luncheon speeches. These impacts show that risk analysis practitioners will have an increasingly important role in the future. They will be challenged to provide clear, easily understood evaluations of risk that are responsive to society's concern for risk, as evidenced in laws and regulations. Of course, the various risk analysis specialties overlapped in domains of interest.


The Success Equation

The Success Equation PDF
Author: Michael J. Mauboussin
Publisher: Harvard Business Review Press
ISBN: 1422184242
Size: 64.74 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 288
View: 3586

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The Success Equation

by Michael J. Mauboussin, The Success Equation Books available in PDF, EPUB, Mobi Format. Download The Success Equation books, “Much of what we experience in life results from a combination of skill and luck.” — From the Introduction The trick, of course, is figuring out just how many of our successes (and failures) can be attributed to each—and how we can learn to tell the difference ahead of time. In most domains of life, skill and luck seem hopelessly entangled. Different levels of skill and varying degrees of good and bad luck are the realities that shape our lives—yet few of us are adept at accurately distinguishing between the two. Imagine what we could accomplish if we were able to tease out these two threads, examine them, and use the resulting knowledge to make better decisions. In this provocative book, Michael Mauboussin helps to untangle these intricate strands to offer the structure needed to analyze the relative importance of skill and luck. He offers concrete suggestions for making these insights work to your advantage. Once we understand the extent to which skill and luck contribute to our achievements, we can learn to deal with them in making decisions. The Success Equation helps us move toward this goal by: • Establishing a foundation so we better understand skill and luck, and can pinpoint where each is most relevant • Helping us develop the analytical tools necessary to understand skill and luck • Offering concrete suggestions about how to take these findings and put them to work Showcasing Mauboussin’s trademark wit, insight, and analytical genius, The Success Equation is a must-read for anyone seeking to make better decisions—in business and in life.


Pierre Simon Laplace Philosophical Essay On Probabilities

Pierre Simon Laplace Philosophical Essay on Probabilities PDF
Author: Pierre-Simon Laplace
Publisher: Springer Science & Business Media
ISBN: 9780387943497
Size: 19.67 MB
Format: PDF, Kindle
Category : Mathematics
Languages : en
Pages : 270
View: 1763

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Pierre Simon Laplace Philosophical Essay On Probabilities

by Pierre-Simon Laplace, Pierre Simon Laplace Philosophical Essay On Probabilities Books available in PDF, EPUB, Mobi Format. Download Pierre Simon Laplace Philosophical Essay On Probabilities books, Pierre-Simon Laplace (1749-1827) is remembered amoung probabilitists today particularly for his "Theorie analytique des probabilites", published in 1812. This is a thorough and modern translation based on the recent re-issue, with its voluminous notes, of the fifth edition of 1826, with preface by Rene Thom and postscript by Bernard Bru. In the second part of the book, the reader is provided with an extensive commentary by the translator including valuable histographical and mathematical remarks and various proofs.


Investing The Last Liberal Art

Investing  The Last Liberal Art PDF
Author: Robert G. Hagstrom
Publisher: Columbia University Press
ISBN: 023153101X
Size: 55.27 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 216
View: 2139

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Investing The Last Liberal Art

by Robert G. Hagstrom, Investing The Last Liberal Art Books available in PDF, EPUB, Mobi Format. Download Investing The Last Liberal Art books, Robert G. Hagstrom is one of the best-known authors of investment books for general audiences. Turning his extensive experience as a portfolio manager at Legg Mason Capital Management into valuable guidance for professionals and nonprofessionals alike, he is the author of six successful books on investment, including The Warren Buffett Way, a New York Times best-seller that has sold more than a million copies. In this updated second edition of Investing: The Last Liberal Art, Hagstrom explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature. He discusses, for instance, how the theory of evolution disrupts the notion of the efficient market and how reading strategies for literature can be gainfully applied to investing research. Building on Charlie Munger's famous "latticework of mental models" concept, Hagstrom argues that it is impossible to make good investment decisions based solely on a strong knowledge of finance theory alone. He reinforces his concepts with additional data and a new chapter on mathematics, and updates his text throughout to reflect the developments of the past decade, particularly the seismic economic upheaval of 2008. He has also added a hundred new titles to the invaluable reading list concluding the book. Praise for the first edition: "I read this book in one sitting: I could not put it down."—Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk "Elegant and irresistible. Robert G. Hagstrom makes the complex clear as he confidently crisscrosses through the disciplines of finance, biology, physics, and literature. The only way to understand investing better, [Investing] shows, is to understand the world better. Ideas spark off the page at every turn. This is simply a gem of a book."—James Surowiecki, New Yorker "Investing is a brisk and engaging read, and it is a pleasure to be in the presence of Hagstrom's agile mind."—International Herald Tribune


Gambling For Winners

Gambling for Winners PDF
Author: Ward Wilson
Publisher:
ISBN:
Size: 24.77 MB
Format: PDF, Kindle
Category : Games
Languages : en
Pages :
View: 2661

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Gambling For Winners

by Ward Wilson, Gambling For Winners Books available in PDF, EPUB, Mobi Format. Download Gambling For Winners books, This book is for you only if you gamble to make money. If your idea of "fun" and "entertainment" includes giving away your hard-earned money to casinos, I can't help you. If you enjoy sitting in a mindless, bright lights/dinging trance while you drop quarters down a slot, this book is not for you. If you think casinos are built and run by stupid people, you better stay out of them. If you think you can beat a blackjack dealer by wild-assed guessing, think again. If you play poker just because it's now so popular . . . you don't need my book. If you believe you can just happen to be "lucky" enough to beat the odds, you live in a fantasy world and you'd hate this book for destroying your illusions. But if you're hard-headed, serious, willing to work, and tired of the mainstream gambling books that simply teach you how to lose less rather than win . . . If you understand casinos don't stay in business by giving out more money than they take in . . . This is an extensive examination of the most popular forms of gambling. If you can find any positive expectation bets, and how. Some of the material is controversial. Some of it is unique. It's not for beginners. If you don't already know how to play blackjack or craps, buy and read the basic books first. This one assumes you know and understand the rules of play. If you have emotional or psychological issues around money -- my strong advice is, don't gamble. If you want to believe casinos are playgrounds built for your amusement, this is not the book for you. I use statistical concepts and common sense to strip away the bright lights and glamor to reveal the mathematical realities of gambling. For the most part, it's not pretty. Not if you want to make money instead of lose it. But there are opportunities there for people willing to work hard and understand the obstacles so they can surmount them. If you're still an emotional child needing the adrenaline rush and excitement of "winning" money, this is not for you. And not only the casinos want to take your money -- hordes of online scammers selling bogus systems online also are after the money belonging to would-be pro gamblers. Until you can enter a casino and remain blind to the red carpeting, the flashing lights, dinging slots and the entire aura of glamorous partying -- you'll remain a loser. If you have enough money to pay for a mirage, that's up to you. Most people don't.


More Than You Know

More Than You Know PDF
Author: Michael J. Mauboussin
Publisher: Columbia University Press
ISBN: 023151347X
Size: 36.73 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 320
View: 1193

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More Than You Know

by Michael J. Mauboussin, More Than You Know Books available in PDF, EPUB, Mobi Format. Download More Than You Know books, Since its first publication, Michael J. Mauboussin's popular guide to wise investing has been translated into eight languages and has been named best business book by BusinessWeek and best economics book by Strategy+Business. Now updated to reflect current research and expanded to include new chapters on investment philosophy, psychology, and strategy and science as they pertain to money management, this volume is more than ever the best chance to know more than the average investor. Offering invaluable tools to better understand the concepts of choice and risk, More Than You Know is a unique blend of practical advice and sound theory, sampling from a wide variety of sources and disciplines. Mauboussin builds on the ideas of visionaries, including Warren Buffett and E. O. Wilson, but also finds wisdom in a broad and deep range of fields, such as casino gambling, horse racing, psychology, and evolutionary biology. He analyzes the strategies of poker experts David Sklansky and Puggy Pearson and pinpoints parallels between mate selection in guppies and stock market booms. For this edition, Mauboussin includes fresh thoughts on human cognition, management assessment, game theory, the role of intuition, and the mechanisms driving the market's mood swings, and explains what these topics tell us about smart investing. More Than You Know is written with the professional investor in mind but extends far beyond the world of economics and finance. Mauboussin groups his essays into four parts-Investment Philosophy, Psychology of Investing, Innovation and Competitive Strategy, and Science and Complexity Theory-and he includes substantial references for further reading. A true eye-opener, More Than You Know shows how a multidisciplinary approach that pays close attention to process and the psychology of decision making offers the best chance for long-term financial results.


The Futures Game Who Wins Who Loses Why

The Futures Game  Who Wins  Who Loses    Why PDF
Author: Richard J. Teweles
Publisher: McGraw Hill Professional
ISBN: 9780070647572
Size: 59.19 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 676
View: 255

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The Futures Game Who Wins Who Loses Why

by Richard J. Teweles, The Futures Game Who Wins Who Loses Why Books available in PDF, EPUB, Mobi Format. Download The Futures Game Who Wins Who Loses Why books, Since it first exploded onto the markets in 1974, THE FUTURES GAME has helped thousands of traders gain an intelligent understanding of futures markets. Over the years, Richard Teweles and Frank Jones have kept their fingers on the pulse of the dynamic futures trading industry, first updating their classic text in 1987. Now, this third edition of THE FUTURES GAME has been completely updated and revised to keep all participants--whether speculators or hedgers, new or veteran--one step ahead of this fast moving, high-stakes game. Combining two decades of strength and wisdom with todayÕs most innovative research and strategic recommendations, this guide to the futures markets continues its reign as the number one tool for futures trading mastery. THE FUTURES GAME, 3rd Edition, walks you through the universe of futures trading possibilities and opportunities, starting with an in-depth discussion of market basics that includes the nature of the contract, the organized markets for those contracts, and the relationship between cash and futures prices. The elements of successful trading are isolated, described, and analyzed to make you familiar with profitable decision-making processes. After that, detailed chapters devoted to particular markets explain price determinants and speculative possibilities within currencies, commodities, and stock index futures. "Notes from a Trader" sections go beyond theory and speculation to provide valuable tips and pointers -- expert guidance you can use to squeeze the maximum benefit from each trade. The comprehensive facts and insights packed into this traderÕs bible will help you predict what might happen--and why it might happen--in virtually every kind of market. New information in this important third edition includes: Latest research on important topics including efficient market hypothesis, technical and fundamental analysis, and much more É A comprehensive listing of valuable Internet website names and addresses. Stronger emphasis on financial instruments É Innovative strategies for maneuvering through the increasingly important international market É Completely revised sections devoted to Basics of the Game, Playing the Game, How to Win or Lose, Succeeding as a Broker, and Choosing the Correct Markets. Filled with knowledgeable trading strategies and insights, revealing charts on todayÕs most interesting futures markets, and numerous respected trading approaches that will allow you to craft a style based on your own strengths and requirements, THE FUTURES GAME is likely to become the one resource you refer to most often.