7min chapter

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Chaos and Complexity Economics (with J. Doyne Farmer)

EconTalk

CHAPTER

Winning at Roulette: Lessons from Randomness

This chapter explores a unique experience at the roulette table that challenges conventional notions of randomness and prediction. It details how a group of graduate students used a wearable digital computer to gain an edge in gambling, leading to broader insights into economic modeling and the complexities of statistics.

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