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10 - Projects to Ponder

Published online by Cambridge University Press:  17 August 2009

Steven S. Skiena
Affiliation:
State University of New York, Stony Brook
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Summary

Mathematical modeling is a subject best appreciated by doing. The trick is finding an interesting type of prediction to make or question to study, and then identifying sufficient data to build a reasonable model upon. Even if you are not a computer programmer, spread-sheet programs such as Microsoft Excel can provide an excellent environment in which to experiment with mathematical models.

In this section, I pose several interesting questions to which the modeling techniques presented in this book may be applicable. To provide starting points, I include links to existing studies and data sets on the WWW. Web links are extremely perishable, so treat these only as an introduction. Any good search engine like www.google.com should help you find better sources after a few minutes' toil. Happy modeling!

Gambling

  • Lottery numbers – How random are lottery numbers? Do certain numbers in certain states come up more often than would be expected by chance? Can you predict which lotto combinations are typically underbet, meaning that they minimize the likelihood that you must share the pot with someone else if you win?. How large must pool size grow in a given progressive lottery to yield a positive expected value for each ticket bought?

  1. Plenty of lottery records are available on the WWW if you look hard enough. Log on to http://www.lottonet.com/ for several year's historical data from several state lotteries. Minnesota does a particularly good job, making its historical numbers available at http://www.lottery.state.mn.us.

  • Horse racing – Many of the ideas employed in our jai alai system are directly applicable to horse racing. […]

Type
Chapter
Information
Calculated Bets
Computers, Gambling, and Mathematical Modeling to Win
, pp. 209 - 214
Publisher: Cambridge University Press
Print publication year: 2001

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  • Projects to Ponder
  • Steven S. Skiena, State University of New York, Stony Brook
  • Book: Calculated Bets
  • Online publication: 17 August 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511547089.011
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  • Projects to Ponder
  • Steven S. Skiena, State University of New York, Stony Brook
  • Book: Calculated Bets
  • Online publication: 17 August 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511547089.011
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Projects to Ponder
  • Steven S. Skiena, State University of New York, Stony Brook
  • Book: Calculated Bets
  • Online publication: 17 August 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511547089.011
Available formats
×