Richard Arnold Epstein: Man

Richard Arnold Epstein is American physicist. Explore interesting quotes on man.
Richard Arnold Epstein: 54   quotes 0   likes

“Reflecting an amalgam of economics, monetary, and psychological factors, the stock market represents possibly the most subtly intricate game invented by man.”

Richard Arnold Epstein

Source: The Theory of Gambling and Statistical Logic (Revised Edition) 1977, Chapter Nine, Weighted Statistical Logic And Statistical Games, p. 296

Game

“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

Preface To The First Edition, p. xiii
The Theory of Gambling and Statistical Logic (Revised Edition) 1977

War , Pleasure , Business

“From a rational standpoint, it might be expected that man should be far more willing to express financial confidence in his skills rather than risking his earnings on the mindless meanderings of chance. Experience, however, has strongly indicated the reverse proposition to hold true.”

Richard Arnold Epstein

Source: The Theory of Gambling and Statistical Logic (Revised Edition) 1977, Chapter Ten, Games Of Pure Skill And Competitive Computers, p. 337

Confidence , Chance

“Although the major gambling casinos do not maintain statistical records on the results of games of Craps, one event has been recorded-that wherein a young man achieved 28 consecutive "passes" at the Desert Inn Casino, Las Vegas, Nevada (June 10, 1950). Odds against such an event are 400 million to 1.”

Richard Arnold Epstein

Source: The Theory of Gambling and Statistical Logic (Revised Edition) 1977, Chapter Five, Coups And Games With Dice, p. 149

Game