The Doctrine of Chances: Probabilistic Aspects of Gambling (Probability and its Applications) by Stewart N. Ethier

The Doctrine of Chances: Probabilistic Aspects of Gambling (Probability and its Applications)



Download The Doctrine of Chances: Probabilistic Aspects of Gambling (Probability and its Applications)




The Doctrine of Chances: Probabilistic Aspects of Gambling (Probability and its Applications) Stewart N. Ethier
Language: English
Page: 830
Format: pdf
ISBN: 3540787828, 9783540787822
Publisher:

Review

From the reviews: “I’m very happy to be reviewing Ethier’s labor of love The Doctrine of Chances: Probabilistic Aspects of Gambling. … Each chapter ends with many exercises and fascinating historical notes and the book ends with a few mathematical appendices. … Ethier’s book is clearly aimed at a more mathematically sophisticated audience … and for that reason I enjoyed Ethier’s much more.” (Peter Rabinovitch, The Mathematical Association of America, August, 2010) “This textbook on probabilistic aspects of gambling is directed to those already familiar with probability at the post-calculus, pre-measure-theory level. … Each chapter has a good selection of problems … and some interesting notes, including some very interesting history. There is plenty of material here for a solid two-semester course, but there is enough independence among the chapters to allow for a variety of one-semester courses covering a subset of the chapters. The book is a welcome and well-researched addition to the field.”­­­ (Gerald A. Heuer, Zentralblatt MATH, Vol. 1198, 2010)

From the Back Cover

Three centuries ago Montmort and De Moivre published two of the first books on probability theory, then called the doctrine of chances, emphasizing its most important application at that time, games of chance. This volume, on the probabilistic aspects of gambling, is a modern version of those classics. While covering the classical material such as house advantage and gambler's ruin, it also takes up such 20th-century topics as martingales, Markov chains, game theory, bold play, and optimal proportional play. In addition there is extensive coverage of specific casino games such as roulette, craps, video poker, baccarat, and twenty-one. The volume addresses researchers and graduate students in probability theory, stochastic processes, game theory, operations research, statistics but it is also accessible to undergraduate students, who have had a course in probability.

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