Richard Arnold Epstein: Most

Richard Arnold Epstein is American physicist. Explore interesting quotes on most.
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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.”

Richard Arnold Epstein

Source: The Theory of Gambling and Statistical Logic (Revised Edition) 1977, Chapter Nine, Weighted Statistical Logic And Statistical Games, p. 295

Game

“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

“Contract Bridge is likely the most challenging card game extant; it is certainly the the most obsessive for its ranks of zealous followers. The initial progenitor of all Bridge forms is the game of Triumph, which gained currency about A. D. 1500. In the mid seventeenth century, Triumph evolved into Whist, a partnership game for four players. The change from Whist to Bridge occurred about 1886with a publication in London of a small pamphlet, titled Biritch or Russian Whist.”

Richard Arnold Epstein

Source: The Theory of Gambling and Statistical Logic (Revised Edition) 1977, Chapter Eight, Contract Bridge, p. 252

Game , Change , Partnership