Articles

Gambler’s Ruin

20th June 2019 admin 0

The term “gambler’s ruin” is used for a number of statistical ideas whose common denominator is predicting the eventual outcome of a series of repeated bets. There are some beautiful and counterintuitive results in which […]

Articles

What Will History Make of Brexit?

5th June 2019 Editor 0

Asked what was the most difficult thing about his job, British Prime Minister Harold Macmillan is reputed to have replied: “Events, dear boy, events.” Brexit may be one such event. The only known fact is […]

WILMOTT Magazine

Wilmott Magazine: May 2019 issue

16th May 2019 Editor 0

Volume 2019, Issue 101. Pages 1–72 Every issue we bring you original material from some of the best columnists, educators and cutting-edge researchers. Subscribe here. In this issue: Bibliography “Contents,” Wilmott, vol. 2019, iss. 101, p. […]

Articles

Statistiks

8th May 2019 Editor 0

The English word is taken from the German statistik, which was invented by Gottfried Aschenwall and used in his 1748 work Vorbereitung zur Staatswissenschaft. Aschenwall’s statistiks had nothing to do with either numbers or probability. […]

Articles

Poker as a Lottery

24th April 2019 Editor 0

Doyle Brunson , two-time winner of the World Series of Poker main event, has likened a poker tournament to a lottery in which more skilled players (like himself) hold more tickets than less skilled players […]

1 2 3 30