# Frases de Richard Arnold Epstein

## Richard Arnold Epstein

**Data de nascimento:** 5. Março 1927

Richard Arnold Epstein , also known under the pseudonym E. P. Stein, is an American game theorist.

### Autores parecidos

### Citações Richard Arnold Epstein

### „Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting system.“

— Richard Arnold Epstein

Chapter Three, Fundamental Principles Of A Theory Of Gambling, p. 61

### „The hope of a positive expected gain lies in detecting a wheel with sufficient bias.“

— Richard Arnold Epstein

Chapter Four, Coins, Wheels, And Oddments, p. 113

### „In 1423, the Franciscan friar St. Bernardino of Siena preached a celebrated sermon against cards (Contra Alcarum Ludos) at Bologna, attributing their invention to the devil. Despite such ecclesiastic interdiction, Johannes Gutenberg printed playing cards the same year as his famous Bible (1440). The cards from Gutenberg's press were Tarot cards, from which the modern deck is derived.“

— Richard Arnold Epstein

Chapter Six, The Play Of The Cards, p. 158

### „A proven theorem of game theory states that every game with complete information possesses a saddle point and therefore a solution.“

— Richard Arnold Epstein

Chapter Two, Mathematical Preliminaries, p. 36

### „Anthropologists have often commented on the striking resemblance between the uneducated gambler and the primitive.“

— Richard Arnold Epstein

Chapter Eleven, Fallacies And Sophistries, p. 391

### „Because the fluctuations in the composition of the deck as it is dependent over successive (and dependent) trials, it is intuitively apparent that altering decisions or the magnitude of the wager or both in accordance with the fluctuations should prove advantageous to the player.“

— Richard Arnold Epstein

Chapter Seven, Blackjack, p. 231

### „From a rational standpoint, it might be expected that man should be far more willing to express financial confidence in his skills rather than risking his earnings on the mindless meanderings of chance. Experience, however, has strongly indicated the reverse proposition to hold true.“

— Richard Arnold Epstein

Chapter Ten, Games Of Pure Skill And Competitive Computers, p. 337

### „Treatment of the apparently whimsical fluctuations of the stock quotations as truly non stationary processes requires a model of such complexity that its practical value is likely to be limited. An additional complication, not encompassed by most stock market models, arises from the manifestation of the market as a nonzero sum game.“

— Richard Arnold Epstein

Chapter Nine, Weighted Statistical Logic And Statistical Games, p. 295

### „Reflecting an amalgam of economics, monetary, and psychological factors, the stock market represents possibly the most subtly intricate game invented by man.“

— Richard Arnold Epstein

Chapter Nine, Weighted Statistical Logic And Statistical Games, p. 296

### „In our most Puritan of society, gambling-like other pleasures-is either taxed, restricted to certain hours, or forbidden altogether. Yet the impulse to gamble remains an eternal aspect of the irrationality of man. It finds outlets in business, war, politics, in the formal overtures of the gambling casinos, and in the less ceremonious exchanges among individuals of differing opinions.“

— Richard Arnold Epstein

Preface To The First Edition, p. xiii

### „A weakness of the random-walk model lies in its assumption of instantaneous adjustment, whereas the information impelling a stock market toward its "intrinsic value" gradually becomes disseminated throughout the market place.“

— Richard Arnold Epstein

Chapter Nine, Weighted Statistical Logic And Statistical Games, p. 299