Discrete Gambling and Stochastic Games (Stochastic Modelling and Applied Probability, Band 32) - Softcover

Maitra, Ashok P.; Sudderth, William D.

 
9781461284673: Discrete Gambling and Stochastic Games (Stochastic Modelling and Applied Probability, Band 32)
Softcover
ISBN 10: 1461284678 ISBN 13: 9781461284673
Verlag: Springer, 2011

Inhaltsangabe

The theory of probability began in the seventeenth century with attempts to calculate the odds of winning in certain games of chance. However, it was not until the middle of the twentieth century that mathematicians de­ veloped general techniques for maximizing the chances of beating a casino or winning against an intelligent opponent. These methods of finding op­ timal strategies for a player are at the heart of the modern theories of stochastic control and stochastic games. There are numerous applications to engineering and the social sciences, but the liveliest intuition still comes from gambling. The now classic work How to Gamble If You Must: Inequalities for Stochastic Processes by Dubins and Savage (1965) uses gambling termi­ nology and examples to develop an elegant, deep, and quite general theory of discrete-time stochastic control. A gambler "controls" the stochastic pro­ cess of his or her successive fortunes by choosing which games to play and what bets to make.

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Verlag
Springer
Erscheinungsdatum
2011
Sprache
Englisch
ISBN 10 
1461284678
ISBN 13 
9781461284673
Einband
Taschenbuch
Anzahl der Seiten
260
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9780387946283: Discrete Gambling and Stochastic Games (Stochastic Modelling and Applied Probability, 32, Band 32)

Vorgestellte Ausgabe

ISBN 10:  0387946284 ISBN 13:  9780387946283
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Hardcover