Slashdot Mirror
Researchers Create a Statistical Guide To Gambling
New submitter yukiloo writes "An early Christmas treat for the ordinary Joe who is stuck with a Christmas list that he cannot afford and is running out of time comes from two mathematicians (Evangelos Georgiadis, MIT, and Doron Zeilberger, Rutgers) and a computer scientist (Shalosh B. Ekhad). In their paper 'How to gamble if you're in a hurry,' they present algorithmic strategies and reclaim the world of gambling, which they say has up till recently flourished on the continuous Kolmogorov paradigm by some sugary discrete code that could make us hopefully richer, if not wiser. It's interesting since their work applies an advanced version of what seems to be the Kelly criterion."
Are you an American, by any chance? I'm asking in all seriousness. Just because this submission makes no sense to you doesn't mean that it makes no sense to the rest of the world.
This work being discussed here builds on some very basic fundamentals of statistics and algebra. Here in Europe, as well as in Japan where I've studied briefly, the work of Kolmogorov and concepts like the Kelly criterion are at least known of by all undergraduate-level students in math, science, engineering and even business programs. These are topics studied near the end of most introductory statistics courses, or during a second statistics course at worst.
If you don't understand these topics, don't blame it on the editing of the submissions. It's likely just that you were never exposed to what's actually pretty basic and common knowledge throughout the rest of the world.
"English is necessary to convey information"
No, only in those countries where it is the native tongue. I'm bilingual. Does that mean that the mother tongue no longer conveys information? How is English necessary to convey information whereas German, Japanese, Spanish, or American don't suffice?