A proven theorem of game theory states that every game with complete information possesses a saddle point and therefore a solution.

A proven theorem of game theory states that every game with complete information possesses a saddle point and therefore a solution.

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 irrationality of man. It finds outlets in business, war, politics, in the formal overtures of the gambling casinos, and in the less ceremonious exchanges among individuals of differing opinions.

There are no conventional games involving conditions of uncertainty without risk.

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.

Reflecting an amalgam of economics, monetary, and psychological factors, the stock market represents possibly the most subtly intricate game invented by man.

From a rational standpoint, it might be expected that man should be far more willing to express financial confidence in his skills rather than risking his earnings on the mindless meanderings of chance. Experience, however, has strongly indicated the reverse proposition to hold true.