This book introduces the basic concepts of probability, statistics, decision theory, and game theory and presents interesting gaming examples to highlight the practical applications and methodologies. The author uniquely utilizes the mathematical analyses of games of chance to develop an understandi
Games, Gambling, and Probability: An Introduction to Mathematics
โ Scribed by David G. Taylor
- Publisher
- Chapman and Hall/CRC
- Year
- 2021
- Tongue
- English
- Leaves
- 516
- Series
- Textbooks in Mathematics
- Edition
- 2
- Category
- Library
No coin nor oath required. For personal study only.
โฆ Synopsis
Many experiments have shown the human brain generally has very serious problems dealing with probability and chance. A greater understanding of probability can help develop the intuition necessary to approach risk with the ability to make more informed (and better) decisions.
The first four chapters offer the standard content for an introductory probability course, albeit presented in a much different way and order. The chapters afterward include some discussion of different games, different "ideas" that relate to the law of large numbers, and many more mathematical topics not typically seen in such a book. The use of games is meant to make the book (and course) feel like fun!
Since many of the early games discussed are casino games, the study of those games, along with an understanding of the material in later chapters, should remind you that gambling is a bad idea; you should think of placing bets in a casino as paying for entertainment. Winning can, obviously, be a fun reward, but should not ever be expected.
Changes for the Second Edition:
- New chapter on Game Theory
- New chapter on Sports Mathematics
- The chapter on Blackjack, which was Chapter 4 in the first edition, appears later in the book.
- Reorganization has been done to improve the flow of topics and learning.
- New sections on Arkham Horror, Uno, and Scrabble have been added.
- Even more exercises were added!
The goal for this textbook is to complement the inquiry-based learning movement. In my mind, concepts and ideas will stick with the reader more when they are motivated in an interesting way. Here, we use questions about various games (not just casino games) to motivate the mathematics, and I would say that the writing emphasizes a "just-in-time" mathematics approach. Topics are presented mathematically as questions about the games themselves are posed.
Table of Contents
Preface
1. Mathematics and Probability
2. Roulette and Craps: Expected Value
3. Counting: Poker Hands
4. More Dice: Counting and Combinations, and Statistics
5. Game Theory: Poker Bluffing and Other Games
6. Probability/Stochastic Matrices: Board Game Movement
7. Sports Mathematics: Probability Meets Athletics
8. Blackjack: Previous Methods Revisited
9. A Mix of Other Games
10. Betting Systems: Can You Beat the System?
11. Potpourri: Assorted Adventures in Probability
Appendices
Tables
Answers and Selected Solutions
Bibliography
Biography
Dr. David G. Taylor is a professor of mathematics and an associate dean for academic affairs at Roanoke College in southwest Virginia. He attended Lebanon Valley College for his B.S. in computer science and mathematics and went to the University of Virginia for his Ph.D. While his graduate school focus was on studying infinite dimensional Lie algebras, he started studying the mathematics of various games in order to have a more undergraduate-friendly research agenda. Work done with two Roanoke College students, Heather Cook and Jonathan Marino, appears in this book! Currently he owns over 100 different board games and enjoys using probability in his decision-making while playing most of those games. In his spare time, he enjoys reading, cooking, coding, playing his board games, and spending time with his six-year-old dog Lilly.
โฆ Table of Contents
Cover
Half Title
Series Page
Title Page
Copyright Page
Dedication
Contents
List of Figures
List of Tables
Preface
1. Mathematics and Probability
1.1. Introduction
1.2. About Mathematics
1.3. Probability
Language
Probability
Adding Probabilities
Multiplying Probabilities
Shortcuts
The Monty Hall Problem
1.4. Candy (Yum)!
1.5. Exercises
2. Roulette and Craps: Expected Value
2.1. Roulette
Odds
Expected Winnings (Expected Value)
2.2. Summations
2.3. Craps
Free Odds
Other Wagers
2.4. Exercises
3. Counting: Poker Hands
3.1. Cards and Counting
Poker Hands
Combinations (Binomial Coe cients)
3.2. Seven Card Pokers
3.3. Texas Hold'Em
3.4. Exercises
4. More Dice: Counting and Combinations, and Statistics
4.1. Liar's Dice
Binomial Distribution
Spread
Using Tables
4.2. Arkham Horror
4.3. Yahtzee
Permutations
Multinomial Distribution
Mini-Yahtzee
4.4. Exercises
5. Game Theory: Poker Bluffing and Other Games
5.1. Bluffing
Optimal Bluffing
5.2. Game Theory Basics
Dominance and Saddle Points
Mixed Strategies
Larger Games: 2 x m and n x 2
Larger Games: 3 x 3 and Beyond
5.3. Non-Zero Sum Games
Movement Diagrams
Nash Equilibrium Explored
Prudential Strategies
Pareto Optimality
Prisoner's Dilemma Revisited
5.4. Three-Player Game Theory
5.5. Exercises
6. Probability/Stochastic Matrices: Board Game Movement
6.1. Board Game Movement
Probability Matrices
Steady-States
Yahtzee, Revisited
Cyclic Boards
6.2. Pay Day (The Board Game)
6.3. Monopoly
The Properties' Real Values
The "Long Jail" Strategy
Fixing the Model
6.4. Spread, Revisited
6.5. Exercises
7. Sports Mathematics: Probability Meets Athletics
7.1. Sports Betting
Moneyline and Spread Betting
Horse Racing
7.2. Game Theory and Sports
7.3. Probability Matrices and Sports
7.4. Winning a Tennis Tournament
Game Win Probability
Set Win Probability
7.5. Repeated Play: Best of Seven
7.6. Exercises
8. Blackjack: Previous Methods Revisited
8.1. Blackjack
Gameplay
Card Counting
Decision Making, Probability Trees, and Basic Strategy
8.2. Blackjack Variants
Rule Variations for Normal Blackjack
Blackjack Switch
8.3. Exercises
9. A Mix of Other Games
9.1. The Lottery
Pick 3
Mega Millions
9.2. Bingo
Counting Cards
Bingo Probabilities
9.3. Uno
9.4. Baccarat
9.5. Farkle
9.6. Scrabble
9.7. Backgammon
Probabilities for Hitting a Piece
The Doubling Cube
9.8. Memory
9.9. Zombie Dice
9.10. Exercises
10. Betting Systems: Can You Beat the System?
10.1. Betting Systems
Martingale System
(Loss) Streaks
Anti-Martingale System
The Kelly Criterion
10.2. Gambler's Ruin
Minimizing the Probability of Ruin
10.3. Exercises
11. Potpourri: Assorted Adventures in Probability
11.1. True Randomness?
11.2. Three Dice "Craps"
11.3. Counting "Fibonacci" Coins "Circularly"
11.4. Compositions and Probabilities
11.5. Sicherman Dice
11.6. Traveling Salesmen
11.7. Random Walks and Generating Functions
Random Walks
Generating Functions
11.8. More Probability!
Appendices
A. Probabilities with Infinity
B. St. Petersburg Paradox
C. Binomial Distribution versus Normal Distribution
D. Matrix Multiplication Review
Tables
Answers and Selected Solutions
Bibliography
Image Credits
Index
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<strong>The Mathematics of Games: An Introduction to Probability</strong> takes an inquiry-based approach to teaching the standard material for an introductory probability course. It also discusses different games and ideas that relate to the law of large numbers, as well as some more mathematical t