William Poundstone quotes - page 2

The problem with winning at blackjack and sports betting is that sooner or later a big guy in a suit tells you to leave. (William Poundstone)
For reasons mathematical, psychological, and sociological, it is a good idea to use a money management system that is relatively forgiving of estimation errors. View quote
William Poundstone
From Adam Smith through John Maynard Keynes, economics had been mostly talk. At Harvard economics was talk. At MIT, Samuelson made it math. View quote
William Poundstone
In American culture the coin toss is the paradigm of the random event. A coin toss decides who kicks off the Super Bowl. Looked at another way, a coin toss is not random at all. It is physics. View quote
William Poundstone
By the mid-1930s, Moe Annenburg was AT&T's fifth largest customer. View quote
William Poundstone
To hedge the bets he made every working day, Meriwether kept a set of rosary beads in his briefcase. View quote
William Poundstone
Far from preventing gambler's ruin, martingale accelerates it. View quote
William Poundstone
Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero. View quote
William Poundstone