Dynamics Of Gambling Origins Of Randomness In Mechanical Systems
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Dynamics Of Gambling Origins Of Randomness In Mechanical Systems
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Author : Jaroslaw Strzalko
language : en
Publisher: Springer
Release Date : 2010-01-14
Dynamics Of Gambling Origins Of Randomness In Mechanical Systems written by Jaroslaw Strzalko and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-14 with Science categories.
Our everyday life is in?uenced by many unexpected (dif?cult to predict) events usually referred as a chance. Probably, we all are as we are due to the accumulation point of a multitude of chance events. Gambling games that have been known to human beings nearly from the beginning of our civilization are based on chance events. These chance events have created the dream that everybody can easily become rich. This pursuit made gambling so popular. This book is devoted to the dynamics of the mechanical randomizers and we try to solve the problem why mechanical device (roulette) or a rigid body (a coin or a die) operating in the way described by the laws of classical mechanics can behave in such a way and produce a pseudorandom outcome. During mathematical lessons in primary school we are taught that the outcome of the coin tossing experiment is random and that the probability that the tossed coin lands heads (tails) up is equal to 1/2. Approximately, at the same time during physics lessons we are told that the motion of the rigid body (coin is an example of suchabody)isfullydeterministic. Typically,studentsarenotgiventheanswertothe question Why this duality in the interpretation of the simple mechanical experiment is possible? Trying to answer this question we describe the dynamics of the gambling games based on the coin toss, the throw of the die, and the roulette run.
Probabilistic Thinking
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Author : Egan J. Chernoff
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-12-05
Probabilistic Thinking written by Egan J. Chernoff and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-05 with Education categories.
This volume provides a necessary, current and extensive analysis of probabilistic thinking from a number of mathematicians, mathematics educators, and psychologists. The work of 58 contributing authors, investigating probabilistic thinking across the globe, is encapsulated in 6 prefaces, 29 chapters and 6 commentaries. Ultimately, the four main perspectives presented in this volume (Mathematics and Philosophy, Psychology, Stochastics and Mathematics Education) are designed to represent probabilistic thinking in a greater context.
Fooled By Randomness
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Author : Nassim Nicholas Taleb
language : en
Publisher: Random House
Release Date : 2008-10-14
Fooled By Randomness written by Nassim Nicholas Taleb and has been published by Random House this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-10-14 with Business & Economics categories.
Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes. Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill. This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives. The book is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: the baseball legend Yogi Berra; the philosopher of knowledge Karl Popper; the ancient world’s wisest man, Solon; the modern financier George Soros; and the Greek voyager Odysseus. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life but falls victim to his own superstitious foolishness. However, the most recognizable character of all remains unnamed–the lucky fool who happens to be in the right place at the right time–he embodies the “survival of the least fit.” Such individuals attract devoted followers who believe in their guru’s insights and methods. But no one can replicate what is obtained by chance. Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? It may be impossible to guard ourselves against the vagaries of the goddess Fortuna, but after reading Fooled by Randomness we can be a little better prepared. Named by Fortune One of the Smartest Books of All Time A Financial Times Best Business Book of the Year
The Challenge Of Chance
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Author : Klaas Landsman
language : en
Publisher: Springer
Release Date : 2016-06-09
The Challenge Of Chance written by Klaas Landsman and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-09 with Science categories.
This book presents a multidisciplinary perspective on chance, with contributions from distinguished researchers in the areas of biology, cognitive neuroscience, economics, genetics, general history, law, linguistics, logic, mathematical physics, statistics, theology and philosophy. The individual chapters are bound together by a general introduction followed by an opening chapter that surveys 2500 years of linguistic, philosophical, and scientific reflections on chance, coincidence, fortune, randomness, luck and related concepts. A main conclusion that can be drawn is that, even after all this time, we still cannot be sure whether chance is a truly fundamental and irreducible phenomenon, in that certain events are simply uncaused and could have been otherwise, or whether it is always simply a reflection of our ignorance. Other challenges that emerge from this book include a better understanding of the contextuality and perspectival character of chance (including its scale-dependence), and the curious fact that, throughout history (including contemporary science), chance has been used both as an explanation and as a hallmark of the absence of explanation. As such, this book challenges the reader to think about chance in a new way and to come to grips with this endlessly fascinating phenomenon.
Chaos For Engineers
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Author : Tomasz Kapitaniak
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Chaos For Engineers written by Tomasz Kapitaniak and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Technology & Engineering categories.
A desription of the new mathematical ideas in nonlinear dynamics in such a way that engineers can apply them to real physical systems.
Reason In Revolt
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Author : Alan Woods
language : en
Publisher: Wellred Books
Release Date : 2015-12-15
Reason In Revolt written by Alan Woods and has been published by Wellred Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-15 with Philosophy categories.
The achievements of science and technology during the past century are unparalleled in history. They provide the potential for the solution to all the problems faced by the planet, and equally for its total destruction. Allegedly scientific theories are being used to "prove" that criminality is caused, not by social conditions, but by a "criminal gene". Black people are alleged to be disadvantaged, not because of discrimination, but because of their genetic make-up. Of course, such "science" is highly convenient to right-wing politicians intent on ruthlessly cutting welfare. In the field of theoretical physics and cosmology there is a growing tendency towards mysticism. The "Big Bang" theory of the origin of the universe is being used to justify the existence of a Creator, as in the book of Genesis . For the first time in centuries, science appears to lend credence to religious obscurantism. Yet this is only one side of the story.
Understanding Probability
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Author : Henk Tijms
language : en
Publisher: Cambridge University Press
Release Date : 2007-07-26
Understanding Probability written by Henk Tijms and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-07-26 with Mathematics categories.
In this fully revised second edition of Understanding Probability, the reader can learn about the world of probability in an informal way. The author demystifies the law of large numbers, betting systems, random walks, the bootstrap, rare events, the central limit theorem, the Bayesian approach and more. This second edition has wider coverage, more explanations and examples and exercises, and a new chapter introducing Markov chains, making it a great choice for a first probability course. But its easy-going style makes it just as valuable if you want to learn about the subject on your own, and high school algebra is really all the mathematical background you need.
Introduction To Econophysics
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Author : Rosario N. Mantegna
language : en
Publisher: Cambridge University Press
Release Date : 1999-11-13
Introduction To Econophysics written by Rosario N. Mantegna and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-11-13 with Business & Economics categories.
This book concerns the use of concepts from statistical physics in the description of financial systems. The authors illustrate the scaling concepts used in probability theory, critical phenomena, and fully developed turbulent fluids. These concepts are then applied to financial time series. The authors also present a stochastic model that displays several of the statistical properties observed in empirical data. Statistical physics concepts such as stochastic dynamics, short- and long-range correlations, self-similarity and scaling permit an understanding of the global behaviour of economic systems without first having to work out a detailed microscopic description of the system. Physicists will find the application of statistical physics concepts to economic systems interesting. Economists and workers in the financial world will find useful the presentation of empirical analysis methods and well-formulated theoretical tools that might help describe systems composed of a huge number of interacting subsystems.
Transient Chaos
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Author : Ying-Cheng Lai
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-02-26
Transient Chaos written by Ying-Cheng Lai and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02-26 with Mathematics categories.
The aim of this Book is to give an overview, based on the results of nearly three decades of intensive research, of transient chaos. One belief that motivates us to write this book is that, transient chaos may not have been appreciated even within the nonlinear-science community, let alone other scientific disciplines.
Chance Calculation And Life
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Author : Thierry Gaudin
language : en
Publisher: John Wiley & Sons
Release Date : 2021-05-25
Chance Calculation And Life written by Thierry Gaudin and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-25 with Computers categories.
Chance, Calculation and Life brings together 16 original papers from the colloquium of the same name, organized by the International Cultural Center of Cerisy in 2019. From mathematics to the humanities and biology, there are many concepts and questions related to chance. What are the different types of chance? Does chance correspond to a lack of knowledge about the causes of events, or is there a truly intrinsic and irreducible chance? Does chance preside over our decisions? Does it govern evolution? Is it at the origin of life? What part do chance and necessity play in biology? This book answers these fundamental questions by bringing together the clear and richly documented contributions of mathematicians, physicists, biologists and philosophers who make this book an incomparable tool for work and reflection.