The Theory of Gambling and Statistical Logic

Front Cover
Gulf Professional Publishing, 1995 - Mathematics - 450 pages
[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.
 

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Contents

CONTRACT BRIDGE
9
MATHEMATICAL PRELIMINARIES
12
Game theory
33
The basic theorems
52
COINS WHEELS AND ODDMENTS
75
Coin games
90
Casino games
109
Problems
122
Optimal strategies
225
Possible improvements
248
The family tree
252
Bidding
269
Horse racing
287
War games
303
Miscellaneous statistical games
324
GAMES OF PURE SKILL AND COMPETITIVE COMPUTERS
337

Formal dice games
135
Related games
155
Card probabilities
172
Formal card games
186
Poker problems
212
Computer programs for board games
375
FALLACIES AND SOPHISTRIES
391
Epilogue
409
Author index 439
Copyright

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Page 389 - There's no use trying,' she said: 'one CAN'T believe impossible things.' 'I daresay you haven't had much practice,' said the Queen. 'When I was your age, I always did it for half-an-hour a day. Why, sometimes I've believed as many as six impossible things before breakfast.

About the author (1995)

Born in 1943, Richard A. Epstein graduated from Columbia in 1964 with a degree in philosophy. He continued his education at Oxford, earning a B.A. in law in 1966, and from there attended Yale, where he received an LL.B. in 1968. Following graduation Epstein joined the faculty at the University of Southern California, teaching there until 1972. He became a regular member of the faculty at the University of Chicago in 1973, where he was named James Parker Hall Professor in 1982 and Distinguished Service Professor in 1988. Richard Epstein writes extensively concerning the law. His works include Simple Rules for a Complex World (1995), Bargaining with the State (1993) and Forbidden Grounds: The Case Against Employment Discrimination Laws (1992).

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