The Theory of Gambling and Statistical Logic, Second Edition

The Theory of Gambling and Statistical Logic, Second Edition
Автор
 
Год
 
Страниц
 
450
ISBN
 
ISBN13:9780123749406;ISBN10:1865843830
Издатель
 
Academic Press

Описание:

Many readers will find this book to be an entertaining and useful
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.

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