Whats Luck Got to Do with It The History, Mathematics, and Psychology of the Gamblers Illusion

By: The man is Joseph Mazur.

There is a publisher. The Princeton University Press was published on June 6, 2010.

There are pages. 322.

The format is: There is a book in the PDF format.

Description

Why do so many people gamble when they know the odds are against them? They think dice are hot in a winning streak. After several flips have turned up tails, why do we expect heads on a coin toss? The most widely held misconception about luck is revealed in What’s Luck Got to Do with It? It shows when our chances of winning are actually good by using the mathematics of predictable outcomes.

From the earliest known archaeological evidence of dice playing among Neolithic peoples to the first systematic mathematical studies of games of chance during the Renaissance, Joseph Mazur traces the history of gambling from the earliest known archaeological evidence of dice playing among Neolithic peoples to the first systematic mathematical studies of games of chance during The mathematics behind gambling, including the laws of probability, statistics, betting against expectations, and the law of large numbers, are explained in plenty of engaging anecdotes.

The psychology of winning and losing is shown in What’s Luck Got to Do with It?, as well as the pervasive nature of our belief in luck.

About the author

He is a professor at Marlboro College. His books include The Motion Paradox: The 2,500-year-old Puzzle behind All the Mysteries of Time and Space and Euclid in the Rainforest: Finding Universal Truth in Logic and Math.

Contents

The History is the first part. Chapter 1. Pits, pebbles, and bones are rolling to discover fate. Chapter 2. The professionals have luck. Chapter 3. From coffeehouses to casinos. Chapter 4. There is no stopping it now. Chapter 5. The 2008 world economic calamity was caused by betting with trillions of dollars. The mathematics is part 2. Chapter 6. One deal as likely as another is who has a royal flush? Chapter 7. The behavior of a coin. Chapter 8. Someone has to win. Chapter 9. The Weak Law of Large Numbers was a truly amazing result. Chapter 10. Great talent needs some good fortune. The analysis is part III. Chapter 11 The house money effect. Chapter 12 Psychomanaging risk is when you know to quit. Chapter 13. What makes a gambler? Chapter 14 Hot hands expect long runs of the same outcome. Chapter 15. The dicey illusion of luck. Acknowledgments. The games used in this book are described in Appendix A. This book has a glossary of gambling terms. There is a weak law of large numbers. There is a Glossary of Mathematical Definitions. Appendix E. Callouts.

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