Richard Arnold Epstein Quote

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 uniformly better than a strategy of random selection.


Chapter Four, Coins, Wheels, And Oddments, p. 98 - The Theory of Gambling and Statistical Logic (Revised Edition) 1977


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...

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...

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...

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...