The House Advantage

The House Advantage

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As part of the notorious MIT Team depicted in Ben Mezrich's now classic Bringing Down the House, Jeff Ma used math and statistics to master the game of blackjack and reap handsome rewards at casinos. Years later, Ma has inspired not only a bestselling novel and hit movie, but has also started three different companies--the latest of which, Citizen Sports, is an innovative marriage of sports, betting, and digital technology--and launched a successful corporate speaking career. The House Advantage reveals Ma's cutting-edge mathematical insights into the world of statistics and makes them applicable to a wide business audience. He argues that numbers are the key to analyzing nearly everything in the world of business, from how to spot and profit from global market inefficiencies to having multiple backup plans in anticipation of every probability. Ma's stories and business lessons are as intriguing as they are universally applicable.President Ernesto Zedillo announced that he would be increasing the historical fixed rate band and, in reaction, the government essentially let the peso float. Without the ... Our volatility models told us that these prices were too expensive, and we sold as many options as we could. For the entire week ... People wanted options on Chrysler stock and hoped to strike it rich when the company was purchased.

Title:The House Advantage
Author:Jeffrey Ma
Publisher:Macmillan - 2012-02-14


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