- Hardcover: 492 pages
- Publisher: Academic Press; 1St Edition edition (1967)
- Language: English
- ASIN: B0000CNNH8
- Package Dimensions: 9.5 x 6.5 x 1 inches
- Shipping Weight: 2.1 pounds
- Average Customer Review: 18 customer reviews
- Amazon Best Sellers Rank: #4,797,643 in Books (See Top 100 in Books)
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The theory of gambling and statistical logic Hardcover – 1967
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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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-genesis, is first defined as a suffix, meaning 'origin'.
Kubeia comes from The New Testament Greek Lexicon.
Kubeia (koo-bi'-ah). Definition 1. dice playing 2. metaphor for the deception of men, because dice players sometimes cheated and defrauded their fellow players.
Translated to english in Ephesians as both 'sleight' (KJV) and 'trickery' (NAS).
Clearly, Kubeiagenesis is meant to be the origin of sleight, trickery, and deception.
That it is the first word of the text may be to inform the reader that what follows may be nonintuitive -- but is well defined, documented, and referenced. You may find yourself reading several of the referenced texts before completing the book if you are going to absorb it all.
This book is the Bible on the subject. The author brilliantly interweaves relevant stories, and shows connections to disciplines outside mathematics and gaming. If you simply want answers and don't care how they were calculated, try some of the other texts offered. If you want to understand the subject -- buy this book.
presentation of gambling ideas and lore. However, there are some errors in the "Basic Theorems" beginning on page 51. In particular,
Theorem V on page 60 is not correct. The "maximum boldness" strategy is need not be optimal in a subfair game when there is a bound on the
size of bets. Likewise "minimum boldness", also known as "timid
play" need not be optimal when there is a house minimum. (For
counterexamples, see the article by Heath, Pruitt, and Sudderth
in The Proceedings of the American Math. Soc. vol 43, pp. 498-507,
April 1972 and the article by Ruth in the Journal of Applied Probability, vol 36, pp. 837-851, September 1999.