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Because the fluctuations in the composition of the deck as it is dependent over successive (and dependent) trials, it is intuitively apparent that altering decisions or the magnitude of the wager or both in accordance with the fluctuations should prove advantageous to the player.

— Richard Arnold Epstein

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More quotes by Richard Arnold Epstein

The earliest full-length account of a chariot race appears in Book xxiii of the Iliad.

The hope of a positive expected gain lies in detecting a wheel with sufficient bias.

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

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

Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting system.

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Quote text and notes from Wikiquote: Richard Arnold Epstein (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.