The EXPECTED value of lotto when not all numbers are equal PDF Download

Author: Jonathan Simon
Publisher:
ISBN:
Category :
Languages : es
Pages : 0

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Author: Jonathan Simon
Publisher:
ISBN:
Category : Choice (Psychology)
Languages : en
Pages : 40

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Author: Deborah J. Rumsey
Publisher: John Wiley & Sons
ISBN: 9780470043639
Category : Mathematics
Languages : en
Pages : 384

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Packed with practical tips and techniques for solving probability problems Increase your chances of acing that probability exam -- or winning at the casino! Whether you're hitting the books for a probability or statistics course or hitting the tables at a casino, working out probabilities can be problematic. This book helps you even the odds. Using easy-to-understand explanations and examples, it demystifies probability -- and even offers savvy tips to boost your chances of gambling success! Discover how to * Conquer combinations and permutations * Understand probability models from binomial to exponential * Make good decisions using probability * Play the odds in poker, roulette, and other games

Author: Henk Tijms
Publisher: Cambridge University Press
ISBN: 1139465457
Category : Mathematics
Languages : en
Pages : 407

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In this fully revised second edition of Understanding Probability, the reader can learn about the world of probability in an informal way. The author demystifies the law of large numbers, betting systems, random walks, the bootstrap, rare events, the central limit theorem, the Bayesian approach and more. This second edition has wider coverage, more explanations and examples and exercises, and a new chapter introducing Markov chains, making it a great choice for a first probability course. But its easy-going style makes it just as valuable if you want to learn about the subject on your own, and high school algebra is really all the mathematical background you need.

Author: Lavan Mahadeva
Publisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 24

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Author: Henk Tijms
Publisher: Cambridge University Press
ISBN: 110765856X
Category : Mathematics
Languages : en
Pages : 573

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Using everyday examples to demystify probability, this classic is now in its third edition with new chapters, exercises and examples.

Author: Mark Bollman
Publisher: CRC Press
ISBN: 135175629X
Category : Mathematics
Languages : en
Pages : 265

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Mathematics of Keno and Lotteries is an elementary treatment of the mathematics, primarily probability and simple combinatorics, involved in lotteries and keno. Keno has a long history as a high-advantage, high-payoff casino game, and state lottery games such as Powerball are mathematically similar. MKL also considers such lottery games as passive tickets, daily number drawings, and specialized games offered around the world. In addition, there is a section on financial mathematics that explains the connection between lump-sum lottery prizes (as with Powerball) and their multi-year annuity options. So-called "winning systems" for keno and lotteries are examined mathematically and their flaws identified.

Author: Aldo Rustichini
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 60

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Author: Rachel E S Ziemba
Publisher: World Scientific
ISBN: 9814504769
Category : Business & Economics
Languages : en
Pages : 586

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This book discusses many key topics in investment and risk management, the global economic situation and the shift in global investment strategies. It was largely written during the period of 2007-12, one of the most tumultuous times in global financial markets which called into question not only tenets of economic forecasting and also asset allocation and return strategies. It contains studies of how investors lose money in derivative markets, examples of those who did not and how these disasters could have been prevented. The authors draw some conclusions on the impact of the structural shifts currently underway in the global economy as well as how cyclical trends will affect these industries, the globe and key sectors. The authors zoom in on key growth areas, including emerging markets, their interlinkages and financial trends.The book also covers risk arbitrage and mean reversion strategies in financial and sports betting markets, plus incentives, volatility aspects, risk taking and investments strategies used by hedge funds and university endowments. Topics such as stock market crash predictions, asset liability planning models, various players in financial markets and the evaluation of the greatest investors are also discussed.The book presents tools and case studies of real applications for analyzing a wide variety of investment returns and better assessing the risks which many investors have preferred to ignore in the search of returns. Many security market regularities or anomalies are discussed including political party and January effects as is the process of building scenarios and using Kelly and fractional Kelly strategies to optimize returns.

Author: Søren Johansen
Publisher:
ISBN:
Category : Autoregression (Statistics)
Languages : en
Pages : 60

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