The Theory of Gambling and Statistical Logic

Epstein, Richard A.

ISBN 10: 0123749409 / ISBN 13: 9780123749406

Published by Academic Press, 2009

About this Item

Book is in "As New" condition. Bookseller Inventory BS/BS10835 03/2021.

Seller Inventory # 010835

Bibliographic Details

• Title: The Theory of Gambling and Statistical Logic
• Publisher: Academic Press
• Publication Date: 2009
• Language: English
• ISBN 10: 0123749409
• ISBN 13: 9780123749406
• Binding: Hardcover
• Edition: 2nd Edition
• Condition: As New
• Seller catalogs:
  • Sold

About this title

Synopsis

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

Review

REVIEW OF THE FIRST EDITION: "This classic book should be part of the library of everyone who wants to better understand games and gambling. The treatment is unique, original, and intriguing." - EDWARD O. THORPE, Author, Beat the Dealer