Gambling, a concept invented by man, has been perceived in myriad ways: as a vice, a crime, a business, a pleasure, a type of magic, a disease, a folly, a weakness, a form of sexual substitution, and an expression of the human instinct. This multifaceted nature of gambling is explored in Richard Epstein's classic book, which delves into the mathematical analysis of this age-old practice.
Epstein's work covers a comprehensive range of games, from penny matching to blackjack and other casino staples, extending even to the stock market with an analysis of the Black-Scholes model. His exploration doesn't stop there; he also examines how statistical inference can illuminate the study of paranormal phenomena.
Renowned for his wit and insight, Epstein offers a text that is both a pleasure to read casually and rewarding to study in depth. His engaging style ensures that readers will find themselves both entertained and educated, making this book a valuable resource for anyone interested in the mathematical underpinnings of gambling.