"This popular and successful text was originally written for a one-semester course in linear algebra at the sophomore undergraduate level. Students at this level generally have had little contact with complex numbers or abstract mathematics, so the book deals almost exclusively with real finite dimensional vector spaces, but in a setting and formulation that permit easy generalization to abstract vector spaces. The goal of the first two editions was the principal axis theorem for real symmetric linear transformation. The principal axis theorem becomes the first of two goals for this new edition, which follows a straight path to its solution."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

2015 Reprint of 1963 Edition. Full Facsimile of the original edition. Not reproduced with Optical Recognition Software. Co-written by the author of the "Beat the Dealer," this work provides a mathematically based model intended to improve the chances of winning not only in Baccarat, but in black jack and other games of chance. Language is quite technical, but parts are accessible to the average player and the theory informs all of Thorp's and Walden's more popular work. A scarce scholarly treatise on probability and its application to games of chance.

Baccarat is one of the easiest casino games with the most favourable player odds. Lyle Stuart is renowned as one of the foremost authorities on baccarat and gambling. Put the two together in a book and you've found a real winning combination-literally. This revised edition includes an insider's guide to casino anecdotes, as well as helpful tips and tricks to guarantee big results. This is a fully revised and updated edition of the original, published by Barricade.

This volume provides the definitive treatment of fortune's formula or the Kelly capital growth criterion as it is often called. The strategy is to maximize long run wealth of the investor by maximizing the period by period expected utility of wealth with a logarithmic utility function. Mathematical theorems show that only the log utility function maximizes asymptotic long run wealth and minimizes the expected time to arbitrary large goals. In general, the strategy is risky in the short term but as the number of bets increase, the Kelly bettor's wealth tends to be much larger than those with essentially different strategies. So most of the time, the Kelly bettor will have much more wealth than these other bettors but the Kelly strategy can lead to considerable losses a small percent of the time. There are ways to reduce this risk at the cost of lower expected final wealth using fractional Kelly strategies that blend the Kelly suggested wager with cash. The various classic reprinted papers and the new ones written specifically for this volume cover various aspects of the theory and practice of dynamic investing. Good and bad properties are discussed, as are fixed-mix and volatility induced growth strategies. The relationships with utility theory and the use of these ideas by great investors are featured.

Three centuries ago Montmort and De Moivre published two books on probability theory emphasizing its most important application at that time, games of chance. This book, on the probabilistic aspects of gambling, is a modern version of those classics.