The Theory of Gambling and Statistical Logic, Revised Edition

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 450 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.