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Suppose you had the chance to invest in a venture that succeeds half the time. When you fail you lose your in vestment; when you succeed you make a profit of$1.60 for every $1.00 you invest. The odds are 8 to 5 in your favor and you should do well-casinos and insurance companies thrive under less favorable conditions. If you can invest as much as you like, as often as you like, using a betting system that guarantees you can't go broke, common sense suggests you will almost certainly make aprofitafteryou make a large numberofinvestments. In response to yourrequest for a hot stock...

This book reflects one mathematician's view of certain areas of economics and finance. It is not a how-to book, it is not exhaustive or rigorous, and it comes with no guarantee of instant wealth. It tries to maximize the use of the reader's imagination and minimize rote calculation. Although some mathematical background is assumed, ordinary high school algebra will usually suffice. Whenever possible, a verbal rather than a mathematical explanation is given, but where formulas serve a useful purpose they are introduced without derivation or apology. We are primarily concerned with concepts...

Die Fruchtbarkeit der Spieltheorie fur viele Problemstellungen der Soziologie, der Politik, der Wirtschaft, des Rechts, der Psychologie, der Biologie und der Okologie ist allgemein bekannt. Die vorliegende Einfuhrung gehort zu den besten und am leichtesten verstandlichen Einfuhrungen in deutscher Sprache. Sie ist als Grundlage fur Lehrveranstaltungen, aber auch zum Selbststudium uneingeschrankt zu empfehlen.

Suppose you had the chance to invest in a venture that succeeds half the time. When you fail you lose your in vestment; when you succeed you make a profit of$1.60 for every $1.00 you invest. The odds are 8 to 5 in your favor and you should do well-casinos and insurance companies thrive under less favorable conditions. If you can invest as much as you like, as often as you like, using a betting system that guarantees you can't go broke, common sense suggests you will almost certainly make aprofitafteryou make a large numberofinvestments. In response to yourrequest for a hot stock...

This book reflects one mathematician's view of certain areas of economics and finance. It is not a how-to book, it is not exhaustive or rigorous, and it comes with no guarantee of instant wealth. It tries to maximize the use of the reader's imagination and minimize rote calculation. Although some mathematical background is assumed, ordinary high school algebra will usually suffice. Whenever possible, a verbal rather than a mathematical explanation is given, but where formulas serve a useful purpose they are introduced without derivation or apology. We are primarily concerned with concepts...