#1
|
|||
|
|||
Money management and statistic books
Hello,
I am looking for books about : a)money management - I am interested in everything from essays about formulas like Kelly formula to books about stockmarket etc Iam interested in mathematical considerations as in practical ideas. Any suggestions here ? b)statistic - I took basic course in statistic and I am rather mathematically inlined so I have an idea about that. Ive read "gamblign theory and other topics" recently and essay about sequencing (p.22) made me think that I should learn more about statistic. Again I am interested in strictly mathematic books as in practical methods/ideas but I would like a book which is easy to read and not loaded with hardcore mathematic (hardcore for me means hardcore for mathematic students , some even complicated proofs would be nice). Any reccomendations ? Thanks for suggestions Best wishes [img]/images/graemlins/smile.gif[/img] |
#2
|
|||
|
|||
Re: Money management and statistic books
It looks like The Mathematics of Poker, by Bill Chen and Jerrod Ankenman is the book for you. Here is a thread about it.
http://forumserver.twoplustwo.com/sh...n=0&page=0 Below is an excerpt from the author discussing the structure of the book at the following link http://www.livejournal.com/users/hgfalling/22530.html The book has been divided into five parts now: I. Basics II. Exploitive Play III. Optimal Play IV. Risk V. Other topics Parts I,II, and IV are drafted and ready. Part III is about halfway done. Part V is about 1/3 done. Today's preview: Part IV. Part IV is full of math and integrals, but it has some pretty cool results, such as: Risk of ruin for any distribution (including tournaments) Risk of ruin with uncertain win rates (ie, if you've played N hrs with x win rate, what's your real chance of going broke? it has to do both with your ror at x, but also your ror if your win rate is actually LESS than x) Half-bankrolls (risk of ruin is like radioactive decay!) Analysis of moving up and down from game to game (with formula) Portfolio theory and quant valuation of backing agreements (with formula) |
|
|