
Edward Oakley "Ed" Thorp (born 14 August 1932) is an American mathematics professor, author, hedge fund manager, and blackjack player best known as the "father of the wearable computer" after inventing the world's first wearable computer in 1961. He was a pioneer in modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain[citation needed]. He is the author of Beat the Dealer, the first book to mathematically prove, in 1962, that the house advantage in blackjack could be overcome by card counting. He also developed and applied effective hedge fund techniques in the financial markets, and collaborated with Claude Shannon in creating the first wearable computer. Thorp received his Ph.D. in mathematics from the University of California, Los Angeles in 1958, and worked at the Massachusetts Institute of Technology (MIT) from 1959 to 1961. He was a professor of mathematics from 1961 to 1965 at New Mexico State University, and then joined the University of California, Irvine where he was a professor of mathematics from 1965 to 1977 and a professor of mathematics and finance from 1977 to 1982.
by Edward O. Thorp
Rating: 4.2 ⭐
• 4 recommendations ❤️
The Book That Made Las Vegas Change the RulesOver 1,000,000 Copies in PrintEdward O. Thorp is the father of card counting, and in this classic guide he shares the revolutionary point system that has been successfully used by professional and amateur card players for generations. This book o an overview of the basic rules of the gameo proven winning strategies ranging from simple to advancedo methods to overcome casino counter measureso ways to spot cheating o charts and tables that clearly illustrate key conceptsA fascinating read and an indispensable resource for winning big, Beat the Dealer is the bible for players of this game of chance. **Bring these strategies into the Perforated cards included in the book**
by Edward O. Thorp
Rating: 4.1 ⭐
• 2 recommendations ❤️
The book offers step-by-step instructions, with explanatory, charts and tables, whereby anyone with 2000.00$ brokerage account can conduct his own investment program. Details are given of actual investments made by the authors, one of whom more then doubled $100,000 in five years.
by Edward O. Thorp
Rating: 4.2 ⭐
• 2 recommendations ❤️
The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street.A child of the Great Depression, legendary mathematician Edward O. Thorp invented card counting, proving the seemingly impossible: that you could beat the dealer at the blackjack table. As a result he launched a gambling renaissance. His remarkable success--and mathematically unassailable method--caused such an uproar that casinos altered the rules of the game to thwart him and the legions he inspired. They barred him from their premises, even put his life in jeopardy. Nonetheless, gambling was forever changed.Thereafter, Thorp shifted his sights to "the biggest casino in the world" Wall Street. Devising and then deploying mathematical formulas to beat the market, Thorp ushered in the era of quantitative finance we live in today. Along the way, the so-called godfather of the quants played bridge with Warren Buffett, crossed swords with a young Rudy Giuliani, detected the Bernie Madoff scheme, and, to beat the game of roulette, invented, with Claude Shannon, the world's first wearable computer.Here, for the first time, Thorp tells the story of what he did, how he did it, his passions and motivations, and the curiosity that has always driven him to disregard conventional wisdom and devise game-changing solutions to seemingly insoluble problems. An intellectual thrill ride, replete with practical wisdom that can guide us all in uncertain financial waters, A Man for All Markets is an instant classic--a book that challenges its readers to think logically about a seemingly irrational world.Praise for A Man for All Markets"In A Man for All Markets, [Thorp] delightfully recounts his progress (if that is the word) from college teacher to gambler to hedge-fund manager. Along the way we learn important lessons about the functioning of markets and the logic of investment."--The Wall Street Journal"[Thorp] gives a biological summation (think Richard Feynman's Surely You're Joking, Mr. Feynman!) of his quest to prove the aphorism 'the house always wins' is flawed. . . . Illuminating for the mathematically inclined, and cautionary for would-be gamblers and day traders"-- Library Journal
More than twenty years after the publication of Beat the Dealer, the best-selling book on winning at blackjack, Dr. Edward O. Thorp again focused his attention on gambling games with an analysis * BACCARAT -- Can card counting eliminate the house advantage? * BACKGAMMON -- Playing optimally in endgame situations. * BLACKJACK -- Understanding blackjack systems and detecting cheating. * GAMBLING GAMES -- Which ones you cannot beat and why. * MONEY MANAGEMENT -- How to maximize your return and what strategies to avoid. * ROULETTE and the WHEEL OF FORTUNE -- Using the laws of physics to predict the next winning number. In easy-to-understand language, learn what a leading mathematician discovered in thirty years of computer-assisted research. This is the long-awaited publication of Dr. Thorp's accumulated work on gambling. Before you risk your money, find out what the "Albert Einstein of Gambling" has to say!
To be a long-term winner in games of chance, you need to understand its math. That's why A Winning Bet in Nevada Baccarat can be so helpful. In it, you will find techniques comparable to those that famed investor and blackjack winner extraordinaire Edward Thorp presents in the revolutionary and bestselling guide to card counting, Beat the Dealer. Drawing off the effective Kelly system for betting, Thorp and William Walden, two leading mathematical experts, developed a system for Nevada Baccarat with sound mathematics for a simple method to place better bets. A Winning Bet in Nevada Baccarat is signature Thorp, in that he once again shows his commitment to his academic foundations by publishing his discoveries of mathematical anomalies. While his exploits led casinos to change rules and ban plays, his passion for gambling only grew stronger. Both in the stock market - where his legendary hedge funds have trounced market returns for decades - and in the casino, Thorp has turned his mathematical prowess into a practical model to gain a winning edge. Accompanied with extensive diagrams, charts, and formulas, A Winning Bet in Nevada Baccarat , will show you how
In an extraordinary career that includes inventing a card counting system, the world's first wearable computer which was used at Las Vegas card and roulette tables. Edward O Thorp then shifted his interest to Wall Street, where because of his mathematical knowledge, (he is a college professor in mathematics) ran a successful hedge fund, he has a very good understanding of mathematic probability.Warning: Gambling in any form can be an addiction with serious consequences.
by Edward O. Thorp
Enfin disponible en français, le livre mythique de la stratégie gagnante dans sa version ultime de 1966. Une stratégie si puissante que les casinos de Las Vegas ont dû changer les règles ! 500.000 exemplaires vendus aux U.S.A. Son auteur, un mathématicien génial, a découvert au début des années 1960 qu’il était possible de trouver un avantage en appliquant un codage mental aux cartes visibles. Il a été à la base de toutes les méthodes qui ont suivi.
by Edward O. Thorp
by Edward O. Thorp
by Edward O. Thorp