Dynamics of gambling : origins of randomness in mechanical systems / by J. Strzako ... [et al.].

Format:

Book

Contributor:

Strzako, J. (Jaroslaw)

Series:

Lecture notes in physics ; 792.

Lecture notes in physics, 0075-8450 ; 792

Language:

English

Subjects (All):

Stochastic processes.

Mechanics.

Gambling.

Physical Description:

1 online resource (X, 152 p. 94 illus.)

Edition:

1st ed. 2009.

Place of Publication:

Berlin ; London : Springer, c2009.

Language Note:

English

Summary:

This monograph presents a concise discussion of the dynamics of mechanical randomizers (coin tossing, die throw and roulette). The authors derive the equations of motion, also describing collisions and body contacts. It is shown and emphasized that, from the dynamical point of view, outcomes are predictable, i.e. if an experienced player can reproduce initial conditions with a small finite uncertainty, there is a good chance that the desired final state will be obtained. Finally, readers learn why mechanical randomizers can approximate random processes and benefit from a discussion of the nature of randomness in mechanical systems. In summary, the book not only provides a general analysis of random effects in mechanical (engineering) systems, but addresses deep questions concerning the nature of randomness, and gives potentially useful tips for gamblers and the gaming industry.

Contents:

Introduction

Predictability in deterministic and random dynamical systems

Mechanical randomizers - history, type of games, how fair they are

Dynamical models

Simulation results

Why are mechanical randomizers predictable?

Why can mechanical randomizers approximate random processes?- Nature of randomness in mechanical systems.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

ISBN:

9786613561893

9781280383977

1280383976

9783642039607

364203960X