- Tytuł:
- Applying chaos theory to risk management in a game of chance
- Autorzy:
-
Jóźwiak, Ireneusz J.
Mariański, Aleksander
Switana, Jan
Szczepanik, Michał - Powiązania:
- https://bibliotekanauki.pl/articles/1878701.pdf
- Data publikacji:
- 2020
- Wydawca:
- Politechnika Śląska. Wydawnictwo Politechniki Śląskiej
- Tematy:
-
risk analysis
game theory
gambing games
chaos theory
fractal dimension
ocena ryzyka
teoria gier
gry hazardowe
teoria chaosu
wymiar fraktalny - Opis:
- Purpose: The purpose of the paper is to illustrate the usage of techniques known from chaos theory to analyze the risk Design/methodology/approach: In this case the objects of application are winnings graphs of different poker players. Two types of players are presented; winning players (those with positive expected value) and breaking even players (expected value close to zero). Findings: Charts were analyzed with a fractal dimension calculated with the box method. Originality/value: Relation between fractal dimension and Hurst exponent is shown. Relation between risk in sense of chaos theory and players’ long-term winning is also described. Further applications of chaos theory to analyze the risk in games of chance are also proposed.
- Źródło:
-
Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska; 2020, 144; 195-211
1641-3466 - Pojawia się w:
- Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
- Dostawca treści:
- Biblioteka Nauki
Artykuł