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Richard Arnold Epstein Quotes: 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.


Richard Arnold Epstein
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Other quotes of Richard Arnold Epstein


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.

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.



The assumption that individuals act objectively in accordance with purely mathematical dictates to maximize their gain or utility cannot be sustained by empirical observation.

The assumption that individuals act objectively in accordance with purely mathematical dictates to maximize their gain or utility cannot be sustained by empirical observation.



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.

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.



The French philosopher Pierre-Hyacinthe Azaïs (1766-1845) formalized the statement that good and evil fortune are exactly balanced in that they produce for each person an equivalent result.

The French philosopher Pierre-Hyacinthe Azaïs (1766-1845) formalized the statement that good and evil fortune are exactly balanced in that they produce for each person an equivalent result.



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

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



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

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



The earliest full-length account of a chariot race appears in Book xxiii of the Iliad.

The earliest full-length account of a chariot race appears in Book xxiii of the Iliad.





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There should be no tenacity of insistence or obstinate insistence of any kind. If there is any tenacity, it should be the kind that will go away if you tell it to!

There should be no tenacity of insistence or obstinate insistence of any kind. If there is any tenacity, it should be the kind that will go away if you tell it to!




Then the nurse did turn to glance, and then stare—actually stare—at me. His look made me feel as if I was green, or whistling, or dead.

Then the nurse did turn to glance, and then stare—actually stare—at me. His look made me feel as if I was green, or whistling, or dead.



My dad always told me that holding a grudge is like swallowing poison and expecting the other person to die.

My dad always told me that holding a grudge is like swallowing poison and expecting the other person to die.



Stand-up is great because I can get everything off my chest.

Stand-up is great because I can get everything off my chest.



Say it before you run out of time. Say it before it's too late. Say what you're feeling. Waiting is a mistake.

Say it before you run out of time. Say it before it's too late. Say what you're feeling. Waiting is a mistake.



There is no perfect man! I think I'm meant to have many soulmates.

There is no perfect man! I think I'm meant to have many soulmates.



What's enjoyable for me, as an actor, is to do as many different things as possible.

What's enjoyable for me, as an actor, is to do as many different things as possible.



You're where I want to be.

You're where I want to be.




Quote Description


This page presents the quote "A proven theorem of game theory states that every game with complete information possesses a saddle point and therefore a solution.". Author of this quote is Richard Arnold Epstein. This quote is about games, theory, states, proven, information,.