In our most Puritan of society, gambling-like other pleasur… - Richard Arnold Epstein

" "
In our most Puritan of society, gambling-like other pleasures-is either taxed, restricted to certain hours, or forbidden altogether. Yet the impulse to gamble remains an eternal aspect of the irrationality of man. It finds outlets in business, war, politics, in the formal overtures of the gambling casinos, and in the less ceremonious exchanges among individuals of differing opinions.

Richard Arnold Epstein

Sources available for members. Sign up free to see where this quote comes from

English

Collect this quote

About Richard Arnold Epstein

Richard Arnold Epstein (born 5 March 1927), also known under the pseudonym E. P. Stein, is a notable American game theorist.

All quotes from Richard Arnold Epstein Similar Quotes by other Originators

Originators like Richard Arnold Epstein:

William Feller Aaron C. Brown William Poundstone John Kenneth Galbraith Didier Sornette

Additional quotes by Richard Arnold Epstein

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.

"Breaking the bank at Monte Carlo" is a euphemism for closing a single gaming table. It was last accomplished at the Casino Ste. des Bains de Mer during the final days of 1957, with a harvest of 180 million francs.

The essence of the phenomenon of gambling is decision making. The act of making a decision consists of selecting one course of action, or strategy, from among the set of admissible strategies.

In our most Puritan of society, gambling-like other pleasures-is either taxed, restricted to certain hours, or forbidden altogether. Yet the impulse … - Richard Arnold Epstein

About Richard Arnold Epstein

Works in ChatGPT, Claude, or Any AI

Additional quotes by Richard Arnold Epstein

Works in ChatGPT, Claude, or Any AI