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Author: Joseph Buchdahl Publisher: High Stakes ISBN: 9780857304858 Category : Languages : en Pages : 384
Book Description
Almost everyone is familiar with Monte Carlo's association with gambling, and its famous Casino. Many may also have come across the Monte Carlo fallacy, so-called after the Casino's roulette wheel ball fell on black 26th times in a row, costing players, who believed that the law of averages made such streaks impossible, millions of dollars. However, the Casino also lends its name to a tool of statistical forecasting, the Monte Carlo simulation, used to model the probability of uncertain outcomes that cannot be easily predicted from mathematical equations. This book provides a detailed account for how aspiring sports bettors can use a Monte Carlo simulation to improve the quality, and hopefully profitability, of their betting, and in doing so unravels the mystery of probability and variance that lies at the heart of all gambling.
Author: Joseph Buchdahl Publisher: High Stakes ISBN: 9780857304858 Category : Languages : en Pages : 384
Book Description
Almost everyone is familiar with Monte Carlo's association with gambling, and its famous Casino. Many may also have come across the Monte Carlo fallacy, so-called after the Casino's roulette wheel ball fell on black 26th times in a row, costing players, who believed that the law of averages made such streaks impossible, millions of dollars. However, the Casino also lends its name to a tool of statistical forecasting, the Monte Carlo simulation, used to model the probability of uncertain outcomes that cannot be easily predicted from mathematical equations. This book provides a detailed account for how aspiring sports bettors can use a Monte Carlo simulation to improve the quality, and hopefully profitability, of their betting, and in doing so unravels the mystery of probability and variance that lies at the heart of all gambling.
Author: Armann Thorvaldsson Publisher: John Wiley & Sons ISBN: 0470661909 Category : Business & Economics Languages : en Pages : 249
Book Description
Iceland truly lived the boom and bust. Once a tiny country on the edge of Europe, in less than two decades it became a global financial powerhouse. This is the story of how one man, one bank and one country experienced and affected the course of world economic history. Armann Thorvaldsson, a former CEO at Kaupthing in the UK, tells the story of how his company was transformed into a £6 billion international bank, by far the largest in his country’s history. Helping to build the biggest names in Icelandic business, Thorvaldsson represented the money behind such household names as easyJet, Matalan, Iceland and Karen Millen. As the boom got bigger, the Icelandic bankers worked and played hard with their international clients, including Gordon Ramsay, the Candy brothers, Mike Ashley and Robert Tchenguiz. Moving from Reykjavik to London, Monte Carlo and St Tropez, they seemed unstoppable. Yet, when the bust came, even the most frantic attempts to save the bank were fruitless, leading to the total collapse of the Icelandic economy. Thorvaldsson’s reflections on exactly what happened and why, make compelling reading.
Author: Richard S. Sutton Publisher: MIT Press ISBN: 0262352702 Category : Computers Languages : en Pages : 549
Book Description
The significantly expanded and updated new edition of a widely used text on reinforcement learning, one of the most active research areas in artificial intelligence. Reinforcement learning, one of the most active research areas in artificial intelligence, is a computational approach to learning whereby an agent tries to maximize the total amount of reward it receives while interacting with a complex, uncertain environment. In Reinforcement Learning, Richard Sutton and Andrew Barto provide a clear and simple account of the field's key ideas and algorithms. This second edition has been significantly expanded and updated, presenting new topics and updating coverage of other topics. Like the first edition, this second edition focuses on core online learning algorithms, with the more mathematical material set off in shaded boxes. Part I covers as much of reinforcement learning as possible without going beyond the tabular case for which exact solutions can be found. Many algorithms presented in this part are new to the second edition, including UCB, Expected Sarsa, and Double Learning. Part II extends these ideas to function approximation, with new sections on such topics as artificial neural networks and the Fourier basis, and offers expanded treatment of off-policy learning and policy-gradient methods. Part III has new chapters on reinforcement learning's relationships to psychology and neuroscience, as well as an updated case-studies chapter including AlphaGo and AlphaGo Zero, Atari game playing, and IBM Watson's wagering strategy. The final chapter discusses the future societal impacts of reinforcement learning.
Author: Joseph Buchdahl Publisher: High Stakes ISBN: 9780857304841 Category : Gambling Languages : en Pages : 352
Book Description
People have been gambling, in one form or another, for as long as history itself. Why? Money, entertainment, escape and a desire to win are all traditional explanations. Arguably, however, these are secondary considerations to a higher order purpose: a craving for control. Gambling offers a means of gaining authority over the unknown, granting us a sense of control over uncertainty. Almost always that sense is illusory - gambling, including betting and investing, is essentially random - yet for many it is nonetheless profoundly rewarding. This book attempts to explore the reasons why. Along the way, it examines: The science of probability and uncertainty Why gambling is often condemned The difference between expectation and utility The irrationality of human beings Evolutionary perspectives on gambling Luck and skill Market efficiency and the wisdom of crowds Why winners take all Cheating Why the process matters more than the outcome
Author: Joseph Buchdahl Publisher: No Exit Press ISBN: 9781843440192 Category : Gambling Languages : en Pages : 0
Book Description
Few people manage to make money from gambling, and fewer still make a living from it. Written for hardened and novice betters alike, Joseph Buchdahl's essential guide examines, through various numerical techniques, how fixed odds punters may learn to beat the bookmaker, protect profits through a sensible approach to risk management, and turn high-risk gambling into a form of low-risk investment.
Author: Joe Buchdahl Publisher: Oldcastle Books ISBN: 1843440687 Category : Games & Activities Languages : en Pages : 521
Book Description
How do we know if we can beat the bookmaker? That's easy: just look at our bank balance. But how do we know if we've not just been lucky? More specifically, how do we know that someone who says he can do it, and who is selling his 'expertise', can keep doing it again and again, through talent, skill and hard work? This book examines the techniques available to answer that question, to identify those qualities and to help the punter find value for money in an industry that appears to be largely built on trust and the influence of chance; to uncover the truth about sports tipsters and ultimately how to find the best tipsters - the 'Black Cats'.
Author: Graham Robson Publisher: Herridge & Sons Limited ISBN: 9781906133009 Category : Transportation Languages : en Pages : 0
Book Description
Hundreds of entrants, in cars of all shapes and sizes, battled through mid-winter snow, fog, ice and darkness from far-flung starting points towards the magical principality of Monaco. Mishaps, breakdowns and smashes abounded, and competitors had tales to tell of cars teetering on the edge of precipices or rammed into snowbanks, frantically improvised repairs, close encounters and feats of crazy bravado. The first rally was run in 1911, with just 20 starters. In 1930 there were 100, in 1949 205, and in the peak year, 1953, there were no less than 404.In this book every Monte Carlo Rally held between 1911 and 1980 is covered individually, with results listings and route maps. As the years unfold we see the successes of Hotchkiss in the late 1940s, Sunbeam-Talbot in the early 1950s, Mini-Cooper in the 1960s, Porsche 911 in the late ‘60s, and the dominance of Alpine Renault and Lancia Stratos in the 1970s.The author also provides essential information on regulations, routes, on what competitors were required to do, on the tests held after arrival in Monaco, on classes of entries, and on the various Concours, including for instance the Concours de Confort, that were there to be won. Thus a complete picture of the aims and nature of the rally as it evolved is formed. Written by the world’s leading rally historian, and featuring more than 300 archive photographs, this book provides both the definitive history of the greatest motor rally of all time and an evocative view of a golden age of motoring history.
Author: Joseph Buchdahl
Author: Joseph Buchdahl
Author: Armann Thorvaldsson
Author: Richard S. Sutton
Author: Ronald Searle
Author: André Soriano
Author: Victor Smith
Author: Joseph Buchdahl
Author: Joseph Buchdahl
Author: Joe Buchdahl
Author: Graham Robson