- How Science and Math Are Taking the Luck out of Gambling
- Narrated by: Jonathan Yen
- Length: 8 hrs and 34 mins
- Unabridged Audiobook
- Release date: 02-24-16
- Language: English
- Publisher: HighBridge, a Division of Recorded Books
Regular price: $20.99
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From the simple to the intricate and the audacious to the absurd, Adam Kucharski reveals the long and tangled history between betting and science and explains why gambling continues to generate insights into luck and decision making today. Covering exploits and ideas from across the globe, he meets the teams behind hedge funds that capitalize on inaccurate sports betting odds and explains how PhD-level pundits are using methods originally developed for the US nuclear program to predict sports results.
Kucharski reveals why winning at chess depends on luck - but victory in checkers does not - and why poker is one of the ultimate challenges for artificial intelligence. He also explores the difficulties of mimicking human behavior and explains what caused one hedge fund's rogue algorithm to lose them $400,000 per second in the summer of 2012.
Customer ReviewsMost Helpful
By Philo on 04-02-16
Nontechnical, wandering far beyond "gaming"
This book is a sort of meandering introduction to many concepts in probability and some related maths and applications. It is only at turns about gambling, per se. It is written to be readable and entertaining and listenable (though the narrator's voice is a bit much on the "gee whiz," "oh shucks," "howdy doody" kind of 1950s tones). Sometimes it might seem unsure of what its own overall topic is, or pivot from one subject or vignette to the next inexplicably, but this is not bad, as a sort of broad intro to Claude Shannon, Ed Thorpe, and many other thinkers and tinkerers who have themselves meandered across the boundaries of probability, info theory, gambling and sometimes finance. Many concepts spanning across these areas are introduced and given simple, understandable definitions and story-based introductions, with no math rigor alongside it. (So, there are no worries about awkwardness in the audio format, as there might be with equations, etc.) But is is useful for getting at least a popularized sense of what these concepts are, and a path linking the thinkers and concepts together across time. Each of the more technical threads can be followed elsewhere.
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