AI Snips
Chapters
Transcript
Episode notes
Early Sports Betting Model
- Eric Rosenfeld and a professor built a linear regression model predicting professional football outcomes using 15 years of game data.
- They won about 60% of bets in the first season, making about $1,000 when minimum wage was $2.
Simulating Card Game Probabilities
- Eric simulated hundreds of thousands of card game hands for gambler Manny Kimmel to compute winning probabilities.
- The analysis took two weeks on a small computer and earned Eric about $1,000, half a year's tuition then.
Developing Early Financial Software
- Eric and Mitch Caper formed an early Apple users group and developed financial programs like Tiny Troll.
- They sold their software for $100,000 in summer 1979, far surpassing Eric's $19,000 salary as a Harvard professor.