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December 11, 2011 09:05 pm

Researchers Create a Statistical Guide To Gambling


First time accepted submitter yukiloo writes "An early Christmas treat for the ordinary Joe who is stuck with a Christmas list that he cannot afford and is running out of time, comes from two mathematicians (Evangelos Georgiadis MIT) and (Doron Zeilberger Rutgers) and a computer scientist (Shalosh B. Ekhad). In their paper 'How to gamble if you're in a hurry' they present algorithmic strategies and reclaim the world of gambling which they say has up till recently flourished on the continuous Kolmogorov paradigm by some sugary discrete code that could make us hopefully richer, if not wiser. Interesting since they their work applies an advanced version of what seems to be the Kelly criterion."

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/aZWBNIHt028/researchers-create-a-statistical-guide-to-gambling

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