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Description
How to Gamble If You Must: Inequalities for Stochastic ProcessesThis classic of advanced statistics is geared toward graduate level readers and uses the concepts of gambling to develop important ideas in probability theory. The authors have distilled the essence of many years' research into a dozen concise chapters. "Strongly recommended" by the Journal of the American Statistical Association upon its initial publication, this revised and updated edition features contributions from two well known statisticians
This classic of advanced statistics is geared toward graduate-level readers and uses the concepts of gambling to develop important ideas in probability theory. The authors have distilled the essence of many years' research into a dozen concise chapters. "Strongly recommended" by the Journal of the American Statistical Association upon its initial publication, this revised and updated edition features contributions from two well-known statisticians that include a new Preface, updated references, and findings from recent research.Following an introductory chapter, the book formulates the gambler's problem and discusses gambling strategies. Succeeding chapters explore the properties associated with casinos and certain measures of subfairness. Concluding chapters relate the scope of the gambler's problems to more general mathematical ideas, including dynamic programming, Bayesian statistics, and stochastic processes.
Binding Type: Paperback
Publisher: Dover Publications
Published: 08/20/2014
ISBN: 9780486780641
Pages: 304
Weight: 0.80lbs
Size: 8.40h x 5.40w x 0.90d
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Reviewed in the United States on May 8, 2026
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Reviewed in the United States on May 18, 2026