Gambling on War

Gambling on War
Author: Roger L. Ransom
Publisher: Cambridge University Press
Total Pages: 400
Release: 2018-06-28
Genre: Business & Economics
ISBN: 1108608175

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The First World War left a legacy of chaos that is still with us a century later. Why did European leaders resort to war and why did they not end it sooner? Roger L. Ransom sheds new light on this enduring puzzle by employing insights from prospect theory and notions of risk and uncertainty. He reveals how the interplay of confidence, fear, and a propensity to gamble encouraged aggressive behavior by leaders who pursued risky military strategies in hopes of winning the war. The result was a series of military disasters and a war of attrition which gradually exhausted the belligerents without producing any hope of ending the war. Ultimately, he shows that the outcome of the war rested as much on the ability of the Allied powers to muster their superior economic resources to continue the fight as it did on success on the battlefield.

Gambling and War

Gambling and War
Author: Justin Conrad
Publisher: Naval Institute Press
Total Pages: 219
Release: 2017-10-15
Genre: History
ISBN: 1682472205

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In 1914, as Germany mobilized for war, Chancellor Theobald von Bethmann-Hollweg remarked to the country’s legislators, “If the iron dice must roll, then God help us.” War has often been compared to a game of dice or a lottery. But just as frequently, war has been compared to a game of pure strategy like chess. In reality, the business of negotiating with adversaries, fighting wars, and ending wars is far more complicated than a game of chess, where each player can see all the pieces on the board and knows the possible moves that they can make. War is far more chaotic and unpredictable. And yet, international bargaining and international conflict is not a simple dice game either, where human beings have no control over the outcome. Justin Conrad bets that war is more like a game of poker. Gambling and War: Risk, Reward, and Chance in International Conflict. brings readers a war college course taught at a Las Vegas casino. To succeed in poker, it is not enough to simply anticipate the actions of other players and try to outsmart them. A successful player must also understand and appreciate the role of randomness. Additionally, players must confront the reality that all human beings are prone to errors in judgment, which causes them to make suboptimal choices under many circumstances. Taken together, these challenges make poker a fascinating and highly unpredictable game, much like the challenges of international conflicts. Any comprehensive analysis of why wars occur and how they are fought must take into account a variety of factors including strategy, human error, and dumb luck. Gambling and War applies lessons learned from poker, blackjack, roulette, and other games of chance to the study of international conflict. Drawing on scholarly insights from a variety of fields, including probability, statistics, political science, psychology, and economics, Conrad offers thoughts on how we can better manage and prevent international conflict, the costliest game of all.

Gambling with Armageddon

Gambling with Armageddon
Author: Martin J. Sherwin
Publisher: Vintage
Total Pages: 624
Release: 2020-10-13
Genre: History
ISBN: 0525659315

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From the Pulitzer Prize-winning author of American Prometheus comes the first effort to set the Cuban Missile Crisis, with its potential for nuclear holocaust, in a wider historical narrative of the Cold War—how such a crisis arose, and why at the very last possible moment it didn't happen. In this groundbreaking look at the Cuban Missile Crisis, Martin Sherwin not only gives us a riveting sometimes hour-by-hour explanation of the crisis itself, but also explores the origins, scope, and consequences of the evolving place of nuclear weapons in the post-World War II world. Mining new sources and materials, and going far beyond the scope of earlier works on this critical face-off between the United States and the Soviet Union—triggered when Khrushchev began installing missiles in Cuba at Castro's behest—Sherwin shows how this volatile event was an integral part of the wider Cold War and was a consequence of nuclear arms. Gambling with Armageddon looks in particular at the original debate in the Truman Administration about using the Atomic Bomb; the way in which President Eisenhower relied on the threat of massive retaliation to project U.S. power in the early Cold War era; and how President Kennedy, though unprepared to deal with the Bay of Pigs debacle, came of age during the Cuban Missile Crisis. Here too is a clarifying picture of what was going on in Khrushchev's Soviet Union. Martin Sherwin has spent his career in the study of nuclear weapons and how they have shaped our world. Gambling with Armegeddon is an outstanding capstone to his work thus far.

Jackpot

Jackpot
Author: Rob Davies
Publisher: Faber & Faber
Total Pages: 264
Release: 2022-02-15
Genre: Games & Activities
ISBN: 1783352264

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A striking exposé of the insidious business practices that have generated enormous profits for the companies operating within the UK's gambling industry. 'A methodical, sensitive and occasionally harrowing polemic about the gambling industry . . . The book has echoes of Patrick Radden Keefe's award-winning Empire of Pain.' SUNDAY TIMES 'A serious attempt to grapple with the extent of Britain's problem.' THE SPECTATOR 'Persuasive.' FINANCIAL TIMES 'Fascinating.' IRISH TIMES 'Eye-opening.' TELEGRAPH *** 716: the number of gambling logos displayed in a single Premier League football match £421 MILLION: the salary of Bet365's CEO in 2020. £14 BILLION: the annual losses incurred by British gamblers. Over half of the population gambles in the UK every year. How did we get here? What keeps us hooked when the odds are so heavily stacked against us? And who are the real winners and losers? Jackpot dives deep into gambling's seedy underbelly to answer these questions, and many more. From the first National Lottery draw in 1569 to the Wild West of today's online casinos, Guardian reporter Rob Davies follows the money to show who profits - and at what cost.

Order within Anarchy

Order within Anarchy
Author: James D. Morrow
Publisher: Cambridge University Press
Total Pages: 369
Release: 2014-07-14
Genre: Political Science
ISBN: 1139992899

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Order within Anarchy focuses on how the laws of war create strategic expectations about how states and their soldiers will act during war, which can help produce restraint. The success of the laws of war depends on three related factors: compliance between warring states and between soldiers on the battlefield, and control of soldiers by their militaries. A statistical study of compliance of the laws of war during the twentieth century shows that joint ratification strengthens both compliance and reciprocity, compliance varies across issues with the scope for individual violations, and violations occur early in war. Close study of the treatment of prisoners of war during World Wars I and II demonstrates the difficulties posed by states' varied willingness to limit violence, a lack of clarity about what restraint means, and the practical problems of restraint on the battlefield.

The Perfect Bet

The Perfect Bet
Author: Adam Kucharski
Publisher: Basic Books
Total Pages: 288
Release: 2016-02-23
Genre: Mathematics
ISBN: 0465098592

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"An elegant and amusing account" of how gambling has been reshaped by the application of science and revealed the truth behind a lucky bet (Wall Street Journal). For the past 500 years, gamblers-led by mathematicians and scientists-have been trying to figure out how to pull the rug out from under Lady Luck. In The Perfect Bet, mathematician and award-winning writer Adam Kucharski tells the astonishing story of how the experts have succeeded, revolutionizing mathematics and science in the process. The house can seem unbeatable. Kucharski shows us just why it isn't. Even better, he demonstrates how the search for the perfect bet has been crucial for the scientific pursuit of a better world.

Gambling on Development

Gambling on Development
Author: Stefan Dercon
Publisher: Oxford University Press, USA
Total Pages: 0
Release: 2023-04-27
Genre: Developing countries
ISBN: 9781805260080

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In the last thirty years, the developing world has undergone tremendous changes. Overall, poverty has fallen, people live longer and healthier lives, and economies have been transformed. And yet many countries have simply missed the boat. Why have some countries prospered, while others have failed? Stefan Dercon argues that the answer lies not in a specific set of policies, but rather in a key development bargain, whereby a country's elites shift from protecting their own positions to gambling on a growth-based future. Despite the imperfections of such bargains, China is among the most striking recent success stories, along with Indonesia and more unlikely places, such as Bangladesh, Ghana and Ethiopia. Gambling on Development is about these winning efforts, in contrast to countries stuck in elite bargains leading nowhere. Building on three decades' experience across forty-odd countries, Dercon winds his narrative through Ebola in Sierra Leone, scandals in Malawi, beer factories in the DRC, mobile phone licences in Mozambique, and relief programs behind enemy lines in South Sudan. Weaving together conversations with prime ministers, civil servants and ordinary people, this is a probing look at how development has been achieved across the world, and how to assist such successes.

Winning a Future War

Winning a Future War
Author: Norman Friedman
Publisher:
Total Pages: 276
Release: 2019-02
Genre: History
ISBN: 9781782669074

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"To win in the Pacific during World War II, the U.S. Navy had to transform itself technically, tactically, and strategically. It had to create a fleet capable of the unprecedented feat of fighting and winning far from home, without existing bases, in the face of an enemy with numerous bases fighting in his own waters. Much of the credit for the transformation should go to the war gaming conducted at the U.S. Naval War College. Conversely, as we face further demands for transformation, the inter-war experience at the War College offers valuable guidance as to what works, and why, and how."

The Clockwork Betting System

The Clockwork Betting System
Author: Stephen Tabone
Publisher:
Total Pages: 92
Release: 2021-07-06
Genre:
ISBN:

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On the face of it choosing what side to bet on, when to bet and how much to wager when you do bet might seem like an easy task. However when it comes to generating profits like a pro these three aspects of gambling on even money options can turn into a complex and at times brutal experience rendering strong minds powerless. The house edge will be the least of your worries. The dance of the sides will form into four different kinds of trends. By the end of a session you will feel like you have played space invaders at a fast level yet all along the outside chances on roulette, Low/High, Even/Odd and Red/Black, or Player/Banker on baccarat and other even money casino games only have two sides. The system of this book adds on a set of rules to the workings of the two sides and the outcomes they form so as to closely mimic those forming patterns. Tabone's Clockwork Betting System is equivalent to an AI add on that makes all of the predictive decisions for you thus removing the confusing and often emotional decision making process so you can enjoy the game like a sophisticated bettor.

Everyday Probability and Statistics

Everyday Probability and Statistics
Author: M. M. Woolfson
Publisher: Imperial College Press
Total Pages: 234
Release: 2008
Genre: Mathematics
ISBN: 184816033X

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Probability and statistics impinge on the life of the average person in a variety of ways OCo as is suggested by the title of this book. Very often, information is provided that is factually accurate but intended to present a biased view. This book presents the important results of probability and statistics without making heavy mathematical demands on the reader. It should enable an intelligent reader to properly assess statistical information and to understand that the same information can be presented in different ways.