1.

Record Nr.

UNINA9910139999103321

Titolo

Dynamics of gambling : origins of randomness in mechanical systems / / by J. Strzako ... [et al.]

Pubbl/distr/stampa

Berlin ; ; London, : Springer, c2009

ISBN

9786613561893

9781280383977

1280383976

9783642039607

364203960X

Edizione

[1st ed. 2009.]

Descrizione fisica

1 online resource (X, 152 p. 94 illus.)

Collana

Lecture notes in physics, , 0075-8450 ; ; 792

Altri autori (Persone)

StrzakoJ (Jaroslaw)

Disciplina

530.15923

Soggetti

Stochastic processes

Mechanics

Gambling

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Introduction -- Predictability in deterministic and random dynamical systems -- Mechanical randomizers - history, type of games, how fair they are -- Dynamical models -- Simulation results -- Why are mechanical randomizers predictable? -- Why can mechanical randomizers approximate random processes?- Nature of randomness in mechanical systems.

Sommario/riassunto

This monograph presents a concise discussion of the dynamics of mechanical randomizers (coin tossing, die throw and roulette). The authors derive the equations of motion, also describing collisions and body contacts. It is shown and emphasized that, from the dynamical point of view, outcomes are predictable, i.e. if an experienced player can reproduce initial conditions with a small finite uncertainty, there is a good chance that the desired final state will be obtained. Finally, readers learn why mechanical randomizers can approximate random processes and benefit from a discussion of the nature of randomness in mechanical systems. In summary, the book not only provides a general analysis of random effects in mechanical (engineering) systems, but



addresses deep questions concerning the nature of randomness, and gives potentially useful tips for gamblers and the gaming industry.