Richard Arnold Epstein
Also known under the pseudonym E P Stein, is a notable American game theorist.
A proven theorem of game theory states that every game with complete information possesses a saddle point and therefore a solution.
Against human opposition the machine usually emerges victorious, since individual patterns tend to be not random but a function of emotions and previous training and experience.
Reflecting an amalgam of economics, monetary, and psychological factors, the stock market represents possibly the most subtly intricate game invented by man.
Generally, a betting system for which each wager depends only on present resources and present probability of success is known as a Markov betting system.
In general statistics can be considered as the offspring of the theory of probability, it builds on its parent and extends the area of patronymic jurisdiction.