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We all know what randomness is. Or do we? Randomness turns out to be one of those concepts that works just fine on an everyday level, but becomes muddled upon close inspection. People familiar with quantum indeterminacy tell us that order is an illusion and that the...
Renowned probability theorist Edward O. Thorp revolutionized the casino industry by developing card counting systems for the casino game of blackjack. Les Golden, the celebrated blackjack, roulette, and craps columnist for Bluff Europe, Gambling.com, iGaming Business,...
A group of 100 prisoners, all together in the prison dining area, are told that they will be all put in isolation cells and then will be interrogated one by one in a room containing a light with an on/off switch. The prisoners may communicate with one another by...
Chance continues to govern our lives in the 21st Century. From the genes we inherit and the environment into which we are born, to the lottery ticket we buy at the local store, much of life is a gamble. In business, education, travel, health, and marriage, we take...
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