Richard Arnold Epstein - Game Quotes

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

Richard Arnold Epstein
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 pre-Christian era, although not until comparatively recent times have game-theoretic solutions been derived.

Richard Arnold Epstein
Contract Bridge is likely the most challenging card game extant; it is certainly the the most obsessive for its ranks of zealous followers. The initial progenitor of all Bridge forms is the game of Triumph, which gained currency about A. D. 1500. In the mid seventeenth century, Triumph evolved into Whist, a partnership game for four players. The change from Whist to Bridge occurred about 1886with a publication in London of a small pamphlet, titled Biritch or Russian Whist.

Richard Arnold Epstein
Although the major gambling casinos do not maintain statistical records on the results of games of Craps, one event has been recorded-that wherein a young man achieved 28 consecutive "passes" at the Desert Inn Casino, Las Vegas, Nevada (June 10, 1950). Odds against such an event are 400 million to 1.

Richard Arnold Epstein
Reflecting an amalgam of economics, monetary, and psychological factors, the stock market represents possibly the most subtly intricate game invented by man.

Richard Arnold Epstein
Treatment of the apparently whimsical fluctuations of the stock quotations as truly non stationary processes requires a model of such complexity that its practical value is likely to be limited. An additional complication, not encompassed by most stock market models, arises from the manifestation of the market as a nonzero sum game.

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

Richard Arnold Epstein