Download or read book The Perfect Bet written by Adam Kucharski and published by Basic Books. This book was released on 2016-02-23 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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.

Download or read book Fortune s Formula written by William Poundstone and published by Hill and Wang. This book was released on 2010-06-01 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Governing Fortune written by Ernest P. Goss and published by University of Michigan Press. This book was released on 2009-12-22 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a lawyer and an economist, Governing Fortune summarizes the legal framework supporting the gaming industry and reviews the costs and benefits of casinos by showing how tax base and job growth vary widely with site-specific factors. The book sets forth an innovative proposal for the licensing of gamblers as a means to balance the liberty interests of individuals against the social costs generated from problem gambling behavior. Morse and Goss offer both regional and sector comparisons of the gaming industry and accessible data about every aspect of the gaming environment, including the impact of gambling on economic and social environments. "Goss and Morse provide an outstandingly sound economic understanding of the function and place of casinos in American society, including essential heretofore unavailable grounding in the legal issues that the book accomplishes remarkably effectively. Moreover, this wealth of economic and legal information is transmitted in an engaging and readable manner. Scholarly, thoughtfully collected and authoritative, the book is of interest to any learner of the gambling industry, including students, civic activists, legislators, and scholars." — Earl Grinols, Baylor University "In this book, Morse and Goss make important contributions to our understanding of the negative outcomes of the expansion of gambling in America." — Jon Bruning, Nebraska Attorney General Edward A. Morse is Professor of Law and holder of the McGrath North Mullin & Kratz Endowed Chair in Business Law at Creighton University School of Law. Ernest P. Goss is Professor of Economics and MacAllister Chair at Creighton University and was a 2004 scholar-in-residence with the Congressional Budget Office.

Download or read book Fortune s Gamble written by Fortune's of Fate and published by Independently Published. This book was released on 2019-04-09 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Christian Barnes never meant to steal his half-brother's identity, but when Major Andrew Bradford, Viscount Trowbridge, falls at Waterloo, Christian grabs his chance at the life he should have had as his father's oldest son. He and Andrew could have been twins, and he knows he'll get better care for his own wounds as a major than a private. The masquerade is so successful, he continues it once he returns to England. However, he hadn't prepared for Rebecca Davenport, the fiancee Andrew had left behind.Lady Rebecca Davenport imedialtely realizes that Andrew has returned to her a different man. She just isn't quite sure if it's the years he's spent at war that have changed him. But as her suspicions grow, she realizes that the changes are welcome. This man is much better than the one she used to know. But can she hold her tongue and actually marry this imposter?

Download or read book The Gambler s Fortune written by Juliet E. McKenna and published by Harper Collins. This book was released on 2001-07-31 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: One A Thief... The renowned theif Livak employed her great courage and cunning to escape the evil, mindbending sorcery of the Elietimm -- with the help of Ryshad, the noble swordsman who stole the beautiful bandit's heart. Now a fortune awaits her and her beloved, if Livak can secure a powerful, ancient, and forgotten magic that the Empire seeks to defend itself from its enemies. But there are others who covet the secrets of these lost arts....

Download or read book Fools of Fortune or Gambling and Gamblers written by John Philip Quinn and published by Good Press. This book was released on 2019-12-06 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about a history of the vice in ancient and modern times all over the world and makes an exposition of its alarming prevalence and destructive effects. This work discusses with an unreserved and exhaustive disclosure of such frauds, tricks and devices as are practiced by "Professional" gamblers, "Confidence Men" and "Bunko Steerers", in order to alert readers not to fall into a trap.

Download or read book How to Gamble If You Must written by Lester E. Dubins and published by Courier Corporation. This book was released on 2014-08-20 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This classic of advanced statistics is geared toward graduate-level readers and uses the concepts of gambling to develop important ideas in probability theory. The authors have distilled the essence of many years' research into a dozen concise chapters. "Strongly recommended" by the Journal of the American Statistical Association upon its initial publication, this revised and updated edition features contributions from two well-known statisticians that include a new Preface, updated references, and findings from recent research. Following an introductory chapter, the book formulates the gambler's problem and discusses gambling strategies. Succeeding chapters explore the properties associated with casinos and certain measures of subfairness. Concluding chapters relate the scope of the gambler's problems to more general mathematical ideas, including dynamic programming, Bayesian statistics, and stochastic processes. Dover (2014) revised and updated republication of the 1976 Dover edition entitled Inequalities for Stochastic Processes. See every Dover book in print at www.doverpublications.com

Download or read book The Thief s Gamble written by Juliet E. McKenna and published by Harper Collins. This book was released on 1999-08-04 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Secrets of the Shadow-Men Magic? It's for the rich, the powerful...the Archmage and his elite wizards and cloud-masters. Livak is not among them. She haunts the back taverns of the realm, careful to appear neither rich nor poor, neither tall nor short . . . neither man nor woman. Obscurity is her protection, thievery her livelihood, and gambling her weakness. Alas, some bets are hard to resist. Particularly when they offer a chance to board a ship for Hadrumal, the fabled city of the Archmage. So Livak follows a minor wizard, Shiv, in an attempt to turn a rune or two, never dreaming that the stolen tankard she wants to sell contains the secrets of an ancient magic far more powerful, and infinitely darker, than any mortal mage's spells.

Download or read book Chance and Luck written by Richard A. Proctor and published by BoD - Books on Demand. This book was released on 2022-12-15 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: The false ideas prevalent among all classes of the community, cultured as well as uncultured, respecting chance and luck, illustrate the truth that common consent (in matters outside the influence of authority) argues almost of necessity error. This, by the way, might be proved by the method of probabilities. For if, in any question of difficulty, the chance that an average mind will miss the correct opinion is but one-half—and this is much underrating the chance of error—the probability that the larger proportion of a community numbering many millions will judge rightly on any such question is but as one in many millions of millions of millions. (Those who are too ready to appeal to the argument from common consent, and on the strength of it sometimes to denounce or even afflict their fellow men, should take this fact—for it is fact, not opinion—very thoughtfully to heart.) I cannot hope, then, since authority has never been at the pains to pronounce definitely on such questions respecting luck and chance as are dealt with here, that common opinion, which is proclaimed constantly and loudly in favour of faith in luck, will readily accept the teachings I have advanced, though they be but the common- place of science in regard to the dependence of what is commonly called luck, strictly, and in the long run, uniformly, on law. The gambling fraternity will continue to proclaim their belief in luck (though those who have proved successful among them have by no means trusted to it), and the community on whom they prey will, for the most part, continue to submit to the process of plucking, in full belief that they are on their way to fortune. If a few shall be taught, by what I have explained here, to see that in the long run even fair wagering and gambling must lead to loss, while gambling and wagering scarcely ever are fair, in the sense of being on even terms, this book will have served a useful purpose. I wish I could hope that it would serve the higher purpose of showing that all forms of gambling and speculation are essentially immoral, and that, though many who gamble are not consciously wrong-doers, their very unconsciousness of evil indicates an uncultured, semi-savage mind.

Download or read book What s Luck Got to Do with It written by Joseph Mazur and published by Princeton University Press. This book was released on 2010-06-06 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mathematician Mazur traces the history of gambling from the earliest known archaeological evidence of dice-playing among Neolithic peoples to the first systematic mathematical games of change during the Renaissance, and explains the mathematics behind gambling--including the laws of probability, statistics, and betting against expectations. Photos.

Download or read book Betting On A Fortune Mills Boon True Love The Fortunes of Texas Rambling Rose Book 5 written by Nancy Robards Thompson and published by HarperCollins UK. This book was released on 2020-04-02 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking a gamble on love They’re getting too close for comfort

Download or read book The Theory of Gambling and Statistical Logic written by Richard A. Epstein and published by Gulf Professional Publishing. This book was released on 1995 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covering all aspects of gambling, The Theory of Gambling and Statistical Logic is mathematically sophisticated, but can be read for what it says about the games and strategies, skipping the technicalities. The material is fascinating and detailed, and the analysis is masterful.

Download or read book The Theory of Gambling and Statistical Logic Revised Edition written by Richard A. Epstein and published by Gulf Professional Publishing. This book was released on 2014-06-28 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: [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.

Download or read book Bust written by Adam B. Resnick and published by Harper Collins. This book was released on 2007-03 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the memoir of gambling addict Adam Resnick, a charismatic family man who won and lost millions of dollars and got involved with bookies, mobsters, life-threatening situations, and a high-rolling lifestyle before going to jail for bank fraud.

Download or read book Gambling in the Nineteenth Century English Novel written by Michael Flavin and published by Liverpool University Press. This book was released on 2003-01-01 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text explores the theme of gambling in a range of 19th-century English novels. It examines the representation of gambling in the novels, the role that gambling played in the lives of the novelists, and gambling in the novels within the context of the development of Victorian society.

Download or read book Mathematical Modelling written by Seyed M. Moghadas and published by John Wiley & Sons. This book was released on 2018-07-24 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: An important resource that provides an overview of mathematical modelling Mathematical Modelling offers a comprehensive guide to both analytical and computational aspects of mathematical modelling that encompasses a wide range of subjects. The authors provide an overview of the basic concepts of mathematical modelling and review the relevant topics from differential equations and linear algebra. The text explores the various types of mathematical models, and includes a range of examples that help to describe a variety of techniques from dynamical systems theory. The book’s analytical techniques examine compartmental modelling, stability, bifurcation, discretization, and fixed-point analysis. The theoretical analyses involve systems of ordinary differential equations for deterministic models. The text also contains information on concepts of probability and random variables as the requirements of stochastic processes. In addition, the authors describe algorithms for computer simulation of both deterministic and stochastic models, and review a number of well-known models that illustrate their application in different fields of study. This important resource: Includes a broad spectrum of models that fall under deterministic and stochastic classes and discusses them in both continuous and discrete forms Demonstrates the wide spectrum of problems that can be addressed through mathematical modelling based on fundamental tools and techniques in applied mathematics and statistics Contains an appendix that reveals the overall approach that can be taken to solve exercises in different chapters Offers many exercises to help better understand the modelling process Written for graduate students in applied mathematics, instructors, and professionals using mathematical modelling for research and training purposes, Mathematical Modelling: A Graduate Textbook covers a broad range of analytical and computational aspects of mathematical modelling.

Download or read book Proceedings of the Sixth Berkeley Symposium on Mathematical Statistics and Probability Volume III written by Lucien M. Le Cam and published by Univ of California Press. This book was released on 2024-03-29 with total page 732 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1972.