The Theory of Gambling and Statistical Logic Revised Edition

About this book

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 Epsteins 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.