Mathematics of Games and Gambling

ISBN-10: 0883856468
ISBN-13: 9780883856468
Edition: 2nd 2006 (Revised)
Authors: Edward W. Packel
List price: $44.00
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Description: The new edition of a favourite which introduces and develops some of the important and beautiful elementary mathematics needed for rational analysis of various gambling and game activities. Most of the standard casino games (roulette, craps,  More...

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Book details

List price: $44.00
Edition: 2nd
Copyright year: 2006
Publisher: Mathematical Association of America
Binding: Hardcover
Pages: 188
Size: 6.00" wide x 9.00" long x 0.75" tall
Weight: 0.836

The new edition of a favourite which introduces and develops some of the important and beautiful elementary mathematics needed for rational analysis of various gambling and game activities. Most of the standard casino games (roulette, craps, blackjack, keno), some social games (backgammon, poker, bridge) and various other activities (state lotteries, horse racing) are treated in ways that bring out their mathematical aspects. The mathematics developed ranges from the predictable concepts of probability, expectation, and binomial coefficients to some less well-known ideas of elementary game theory. The second edition includes new material on: - Sports betting and the mathematics behind it - Game theory applied to bluffing in poker and related to the 'Texas Holdem phenomenon' - The Nash equilibrium concept and its emergence in popular culture - Internet links to games and Java applets for practice and classroom use. Game-related exercises are included and solutions to some appear at the end of the book.

Edward Packel is Volwiler Professor of Mathematics at Lake Forest College.

Preface to the first edition; Preface to the second edition
The phenomenon of gambling
Finite probabilities and great expectations
Backgammon and other dice diversions
Permutations, combinations and applications
Play it again Sam: the binomial distribution
Elementary game theory
Odds and ends
Answers/Hints for selected exercises
Bibliography
Index

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