Coin matching and finger flashing were among the first form… - Richard Arnold Epstein

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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

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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.

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

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The assumption that individuals act objectively in accordance with purely mathematical dictates to maximize their gain or utility cannot be sustained by empirical observation.

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.

Blackjack does possess a memory (the interdependence of the cards) and a conscience (inferior play will inevitably be penalized) and is not democratic (the mental agility and retentiveness of the player are significant factors).

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… - Richard Arnold Epstein

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