Edward O. Thorp
Thorp studied at the University of California, Los Angeles (UCLA) until 1958 and graduated with the dissertation “Compact Linear Operators in Normed Spaces”. From 1959 to 1961 he was Moore Instructor at the Massachusetts Institute of Technology and rose from Assistant Professor to Associate Professor at New Mexico State University from 1961 to 1965 . In 1962 he published "Beat the dealer", in which he describes card counting as a successful strategy for blackjack . For the first time a mathematical concept was developed here that actually gave the player an advantage over the casino . In 1966 he published a second edition of "Beat the Dealer", which increased the great popularity of the original. The reason for this was a more applicable and practical technique.
Thorp also developed a counting method to be able to calculate the expectation of a player in backgammon more precisely.
Later he tried to apply his knowledge to the financial markets .
- Beat the Dealer: A Winning Strategy for the Game of Twenty-One. A scientific Analysis of the world-wide Game known variously as Blackjack, Twenty-One, Vingt-et-Un, Pontoon or Van John. Blaisdell, New York NY 1962.
- Elementary Probability. Wiley, New York NY 1966 (Reprinted edition. RE Krieger, Huntington NY 1977, ISBN 0-88275-389-4 ).
- with Sheen T. Kassouf: Beat the Market. A Scientific Stock Market System. Random House, New York NY 1967, ISBN 0-394-42439-5 .
- The Mathematics of Gambling. Gambling Times et al., Hollywood CA et al. 1984, ISBN 0-897-46019-7 (as PDF: Part 1, Part 2 , Part 3 , Part 4 ).
|SURNAME||Thorp, Edward O.|
|ALTERNATIVE NAMES||Thorp, Edward Oakley (full name)|
|BRIEF DESCRIPTION||American mathematician|
|DATE OF BIRTH||August 14, 1932|
|PLACE OF BIRTH||Chicago|