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Richard Arnold Epstein Quotes

Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting system.

"The Theory of Gambling and Statistical Logic, Revised Edition". Book by Richard Arnold Epstein, Chapter Three, Fundamental Principles Of A Theory Of Gambling, 1977.

The earliest full-length account of a chariot race appears in Book xxiii of the Iliad.

"Johannes Gutenberg printed playing cards the same year as his famous Bible (1440). The cards from Gutenberg's press were Tarot cards, from which the modern deck is derived. The Theory of Gambling and Statistical Logic". Book by Richard Arnold Epstein, 1977.

There are no conventional games involving conditions of uncertainty without risk.

"Johannes Gutenberg printed playing cards the same year as his famous Bible (1440). The cards from Gutenberg's press were Tarot cards, from which the modern deck is derived. The Theory of Gambling and Statistical Logic". Book by Richard Arnold Epstein, 1977.

A proven theorem of game theory states that every game with complete information possesses a saddle point and therefore a solution.

"Johannes Gutenberg printed playing cards the same year as his famous Bible (1440). The cards from Gutenberg's press were Tarot cards, from which the modern deck is derived. The Theory of Gambling and Statistical Logic". Book by Richard Arnold Epstein, 1977.