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Science Quickly

Gambling Gave Science Some Lucky Breaks

Science Quickly

Scientific American

Science

4.31.4K Ratings

🗓️ 19 April 2016

⏱️ 2 minutes

🧾️ Download transcript

Summary

The development of statistics, probability theory, game theory and chaos theory owes a lot to people trying to figure out various games of chance.

Transcript

Click on a timestamp to play from that location

0:00.0

This is scientific Americans 60 second science. I'm Steve Mursky. Got a minute?

0:07.0

It's not just gamblers using science. In many cases, science has benefited enormously from people studying the house.

0:14.3

Matheacharski he's the author of the new book The Perfect Bet how science and math

0:20.0

are taking the luck out of gambling. Back in a renaissance actually, probability theory was developed to study these games.

0:27.0

I mean, can you imagine having bets where it's not actually clear what a fair game is?

0:30.0

For example, in the 17th century, the question came up, do you have the same chance of throwing a six by rolling one dye four times, or of throwing two sixes by rolling two dice 24 times.

0:44.7

That had been around a while those kind of bets

0:47.4

and those kind of questions.

0:48.4

And that was Fermaton and Pascal

0:50.9

who developed a lot of this theory.

0:51.8

And one of the crucial things was this concept of an expected value.

0:55.0

You know if you play a game repeatedly what do you expect to win on average and

0:59.0

until you have that kind of theory in place it's very hard to actually compare two bets directly and

1:04.4

work out which one is more preferable. Pascal figured out that your chances of

1:09.2

throwing one six in four rolls of a dye was slightly more than 50 percent but your odds of two

1:15.6

sixes in 24 throws of two dice was slightly less than 50 percent.

1:21.8

And not this theory from probability statistics,

1:25.0

and actually more recently things like game theory and chaos theory

1:28.0

originated with studying games of chance.

1:30.0

I think science actually has benefited a lot from people's curiosity about gambling.

1:34.7

My full interview with Adam Kucharski about his book The Perfect Bet is at our website as a science

1:40.8

talk podcast.

...

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