The House Advantage: Playing the Odds to Win Big In Business
| Author | : | |
| Rating | : | 4.71 (697 Votes) |
| Asin | : | 0230120636 |
| Format Type | : | paperback |
| Number of Pages | : | 272 Pages |
| Publish Date | : | 2016-06-18 |
| Language | : | English |
DESCRIPTION:
Years later, Ma has inspired not only a bestselling novel and hit movie, but has also started three different companies. Ma's stories and business lessons are as intriguing as they are universally applicable.. The House Advantage reveals Ma's cutting-edge mathematical insights into the world of statistics and makes them applicable to a wide business audience. 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. 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
He has been the technology lead for two internet startups and was an options trader on the Chicago Board of Options Exchange. He co-founded PROTRADE, a sports stock market website, and consults for professional sports teams including the Portland Trail Blazers and the San Francisco 49ers. He lives in San Francisco, CA.. Jeffrey Ma was a member of the MIT blackjack team, which utilized sophisticated card-counting strategies to beat casinos at blackjack worldwide in the mid-
. He instructs leaders to recall that past performance, like a dealt blackjack hand, has an impact on the future; to avoid groupthink and a hot hand, or overconfidence, at all costs; and to prioritize what the data says. Though his lessons aren't particularly new, his methods and thrilling stories of card counting in Vegas gives his book a compelling boost. From Publishers Weekly Ma, the math whiz and subject of Ben Mezrich's bestselling Bringing Down the House, turns his savvy to business. Even those who do not consider themselves math types can benefit from posing business issues as follows: a simple question helps focus a complex mathematical model and that complex mathematical model helps solve a very important business problem. All rights reserved. A former profe
Fantastic write up Fantastic write up. Thoroughly analyzed different scenarios, just love it. I have never underlined so many points in any other book before.. Jack Bowen said Great Read For All Those Interested In Making Great Decisions. We're not designed to think unemotionally nor about abstract statistics. But Ma's book shows us that if we do learn to do so, we can achieve something we are designed to pursue--success. This book outlines and explores just how to do that. It's a grea. chantech said Great Introduction to Non-Results Oriented Thinking. As someone with a very similar background to Ma's (engineering background, entrepreneur funding a company while playing poker professionally, and heavily involved in sports analytics from a predictive standpoint) I found this book to be an an articula