There are no conventional games involving conditions of uncertainty without risk..

A proven theorem of game theory states that every game with complete information possesses a saddle point and therefore a solution..

The assumption that individuals act objectively in accordance with purely mathematical dictates to maximize their gain or utility cannot be sustained….

The earliest full-length account of a chariot race appears in Book xxiii of the Iliad..

Reflecting an amalgam of economics, monetary, and psychological factors, the stock market represents possibly the most subtly intricate game invented….

Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting sy….

From a rational standpoint, it might be expected that man should be far more willing to express financial confidence in his skills rather than riskin….

In our most Puritan of society, gambling-like other pleasures-is either taxed, restricted to certain hours, or forbidden altogether. Yet the impulse ….

Coin matching and finger flashing were among the first formal games to arise in the history of gambling. The class of Morra games extends back to the….

The French philosopher Pierre-Hyacinthe Azaïs (1766-1845) formalized the statement that good and evil fortune are exactly balanced in that they produ….

While no rigorous proof of an optimal strategy has been achieved, Robbins has proposed the principal of "staying on a winner" and has shown it to be ….

Treatment of the apparently whimsical fluctuations of the stock quotations as truly non stationary processes requires a model of such complexity that….

One of the oldest mythological fables tells of Mercury playing at dice with Selene and winning from her the five days of the epact (thus totaling the….

The essence of the phenomenon of gambling is decision making. The act of making a decision consists of selecting one course of action, or strategy, f….

A weakness of the random-walk model lies in its assumption of instantaneous adjustment, whereas the information impelling a stock market toward its "….