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

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

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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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In 1423, the Franciscan friar St. Bernardino of Siena preached a celebrated sermon against cards (Contra Alcarum Ludos) at Bologna, attributing their invention to the devil. Despite such ecclesiastic interdiction, Johannes Gutenberg printed playing cards the same year as his famous Bible (1440). The cards from Gutenberg's press were Tarot cards, from which the modern deck is derived.

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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.

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