Найти книгу: "Gambling and War"

In 1914, as Germany mobilized for war, Chancellor Theobald von Bethmann-Hollweg remarked to the country’s legislators, “If the iron dice must roll, then God help us.” War has often been compared to a game of dice or a lottery. But just as frequently, war has been compared to a game of pure strategy like chess. Napoleon’s shocking successes during the early years of the Napoleonic Wars, for instance, are often attributed to strategic superiority and his ability to see the conflict in the same way a player sees the pieces on a chess board.
In reality, the business of negotiating with adversaries, fighting wars, and ending wars is far more complicated than a game of chess where each player can see all the pieces on the board and knows the possible paths that they can take. Even a casual observer of history can see that war is far more chaotic and unpredictable. And yet, international bargaining and international conflict is not a simple dice game either, where human beings have no control over the outcome. A comprehensive analysis of why wars occur and how they are fought must take into account a variety of factors including strategy, human error and dumb luck.
And perhaps no game in human history better captures these elements than the game of poker. Indeed, Prussian military theorist Carl von Clausewitz remarked that “war most closely resembles a game of cards.” To succeed in poker, it is not enough to simply anticipate the actions of other players and try to outsmart them. A successful player must also have an understanding of, and a healthy appreciation for, the role of randomness. Additionally, players must confront the reality that all human beings are prone to errors in judgment, which causes them to make suboptimal choices under many circumstances. Taken together, all of these challenges make poker a fascinating and highly unpredictable game, explaining its enduring popularity.
This book focuses on applying lessons learned from poker, blackjack, roulette and other games of chance to study of international conflict. The book demonstrates how the combined factors of strategy, psychology and probability influence the outbreak of wars, how they are fought, and why they end. Drawing on scholarly insights from a variety of fields, including probability, statistics, political science, psychology and economics, the book offers thoughts on how we can better manage and prevent international conflict, the costliest game of all.

Many people perceive trading as nothing more than a gamble. But there are still people who consistently make money trading. How do they do it? They've learned to separate gambling from trading. And the way they do this, says author Marcel Link, is by developing a proper plan. In Trading Without Gambling, Link shows how to create and use a sound game plan to improve every aspect of trading–including finding trades, timing, knowing how much to trade, where to exit, and how to adjust risk–while leaving very little to gambling.

Earn comps and avoid big losses Bet wisely, beat the house, and bring home the bucks! Crazy about casinos, but worried about losing your shirt? Relax! This hands-on guide is filled with insider secrets and tips for maximizing winnings and minimizing losses in the most popular casino games –blackjack, poker, craps, roulette, slots, and more. You get the scoop on everything from game rules and jargon to making the best bets (and knowing when to quit). Discover how to * Understand the odds * Develop winning strategies * Avoid gimmicks and bad bets * Manage your money effectively * Gamble on the Internet * Deal with the IRS

A guide to modeling analyses for financial and sports gambling markets, with a focus on major current events Addressing the highly competitive and risky environments of current-day financial and sports gambling markets, Forecasting in Financial and Sports Gambling Markets details the dynamic process of constructing effective forecasting rules based on both graphical patterns and adaptive drift modeling (ADM) of cointegrated time series. The book uniquely identifies periods of inefficiency that these markets oscillate through and develops profitable forecasting models that capitalize on irrational behavior exhibited during these periods. Providing valuable insights based on the author's firsthand experience, this book utilizes simple, yet unique, candlestick charts to identify optimal time periods in financial markets and optimal games in sports gambling markets for which forecasting models are likely to provide profitable trading and wagering outcomes. Featuring detailed examples that utilize actual data, the book addresses various topics that promote financial and mathematical literacy, including: Higher order ARMA processes in financial markets The effects of gambling shocks in sports gambling markets Cointegrated time series with model drift Modeling volatility Throughout the book, interesting real-world applications are presented, and numerous graphical procedures illustrate favorable trading and betting opportunities, which are accompanied by mathematical developments in adaptive model forecasting and risk assessment. A related web site features updated reviews in sports and financial forecasting and various links on the topic. Forecasting in Financial and Sports Gambling Markets is an excellent book for courses on financial economics and time series analysis at the upper-undergraduate and graduate levels. The book is also a valuable reference for researchers and practitioners working in the areas of retail markets, quant funds, hedge funds, and time series. Also, anyone with a general interest in learning about how to profit from the financial and sports gambling markets will find this book to be a valuable resource.