What's Luck Got to Do with It?: The History, Mathematics, and Psychology Behind the Gambler's Illusion

What s Luck Got to Do with It The History Mathematics and Psychology Behind the Gambler s Illusion Why do so many gamblers risk it all when they know the odds of winning are against them Why do they believe dice are hot in a winning streak Why do we expect heads on a coin toss after several flips h

  • Title: What's Luck Got to Do with It?: The History, Mathematics, and Psychology Behind the Gambler's Illusion
  • Author: Joseph Mazur
  • ISBN: 9780691138909
  • Page: 277
  • Format: Hardcover
  • Why do so many gamblers risk it all when they know the odds of winning are against them Why do they believe dice are hot in a winning streak Why do we expect heads on a coin toss after several flips have turned up tails What s Luck Got to Do with It takes a lively and eye opening look at the mathematics, history, and psychology of gambling to reveal the most widely hWhy do so many gamblers risk it all when they know the odds of winning are against them Why do they believe dice are hot in a winning streak Why do we expect heads on a coin toss after several flips have turned up tails What s Luck Got to Do with It takes a lively and eye opening look at the mathematics, history, and psychology of gambling to reveal the most widely held misconceptions about luck It exposes the hazards of feeling lucky, and uses the mathematics of predictable outcomes to show when our chances of winning are actually good Mathematician Joseph Mazur traces the history of gambling from the earliest known archaeological evidence of dice playing among Neolithic peoples to the first systematic mathematical studies of games of chance during the Renaissance, from government administered lotteries to the glittering seductions of grand casinos, and on to the global economic crisis brought on by financiers trillion dollar bets Using plenty of engaging anecdotes, Mazur explains the mathematics behind gambling including the laws of probability, statistics, betting against expectations, and the law of large numbers and describes the psychological and emotional factors that entice people to put their faith in winning that ever elusive jackpot despite its mathematical improbability As entertaining as it is informative, What s Luck Got to Do with It demonstrates the pervasive nature of our belief in luck and the deceptive psychology of winning and losing.

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      Posted by:Joseph Mazur
      Published :2019-05-13T22:41:20+00:00

    About "Joseph Mazur"

    1. Joseph Mazur

      Joseph Mazur Is a well-known author, some of his books are a fascination for readers like in the What's Luck Got to Do with It?: The History, Mathematics, and Psychology Behind the Gambler's Illusion book, this is one of the most wanted Joseph Mazur author readers around the world.

    624 thoughts on “What's Luck Got to Do with It?: The History, Mathematics, and Psychology Behind the Gambler's Illusion”

    1. The mathematics behind most casino games and lotteries can be understood by everyone except the most mathematically naive. No matter how you approach it, the answer to all games is the same, "the player will always lose in the long run." Nevertheless, human psychology frequently gets in the way and this fact is replaced by some version of the "gambler's fallacy." Reduced to the lowest terms, it simply means that the long run is not now; the player believes that they "have the luck" and that they [...]


    2. Guaranteed To Lose In Long Term By Mathematical Design Of Casino Games!Gamblers Who Do Not Play To Win, But PlayOnly To Play Be Escapism, Social Aspects Being Lonely, Dopamine, And Operative Conditioning B. F. Skinner Creates An Addiction Into Bust Broke! Find Coping Mechanisms Better Than Gambling Reading, Walks, Pets, Volunteer Work, Movies, And Avoid A Potential "Broke" By Addiction!




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