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William Poundstone Quotes

Author

William Poundstone, born on March 29, 1955, is a renowned American author. His works span across various fields such as psychology, mathematics, and economics, and he is appreciated for his engaging writing style and insightful perspectives.

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All Paradox Shannon Compounds Contradiction Entropy Has Beens Highest Insight Investment Investors Mathematician People Rate Real Return Secret Simple Utility Able All Time

Famous William Poundstone Quotes

“Bernoulli's real contribution was to coin a word. The word has been translated into English as "utility". It describes this subjective value people place on money.”

People Has Beens Real Values Contribution Coins Subjective Utility

Book:Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street

Source: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street

“The engine driving the Kelly system is the "law of large numbers." In a 1713 treatise on probability, Swiss mathematician Jakob Bernoulli propounded a law that has been misunderstood by gamblers (and investors) ever since.”

Has Beens Law Numbers Driving Investors Engines Mathematician Probability Misunderstood Large Numbers Swiss

Book:Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street

Source: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street

About the Author

Born: March 29, 1955
Known for: Author
Quotes: 26

Books & Sources

Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall StreetRelated source material

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