Richard Arnold Epstein

"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."

"Blackjack does possess a memory and a conscience and is not democratic ."

"The French philosopher Pierre-Hyacinthe Azaïs formalized the statement that good and evil fortune are exactly balanced in that they produce for each person an equivalent result."

"The essence of the phenomenon of gambling is decision making. The act of making a decision consists of selecting one course of action, or strategy, from among the set of admissible strategies."

"Treatment of the apparently whimsical fluctuations of the stock quotations as truly non stationary processes requires a model of such complexity that its practical value is likely to be limited. An ad…"

"In our most Puritan of society, gambling-like other pleasures-is either taxed, restricted to certain hours, or forbidden altogether. Yet the impulse to gamble remains an eternal aspect of the irration…"

"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."

"Anthropologists have often commented on the striking resemblance between the uneducated gambler and the primitive."