O'Reilly logo

What's Luck Got to Do with It? by Joseph Mazur

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Part II

THE MATHEMATICS

Image

Gambling is not done in theory but in the real world where honest dice are carefully manufactured for fairness and where roulette wheels and balls are machined to supreme tolerances. Mathematical models give us that critical, mysterious connection between the ideal theory and the indeterminate physical world. The truly amazing thing is that we can make that connection. Bridges stay up and dams hold because they were built through reliance on mathematical models. Chance seems to be far more mystifying and immeasurable, far more connected to some unfathomable uncertainty; yet, we have truly amazing theorems dealing with likelihood, ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required