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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.

— 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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