John Von Neumann, a Hungarian physicist introduced the world to “Game Theory” through a 1926 paper which proved “the only rational way to win at a childhood game called match penny, was to try not to win. In match penny, two players turn up a coin at the same moment. If both coins are heads [...]
The race is not always to the swift nor the battle to the strong, but that’s the way to bet - DAMON RUNYON
According to Wikipedia, “A game of chance is a game whose outcome is strongly influenced by some randomizing device, and upon which contestants may or may not wager money or anything of monetary value. [...]
How do we know we have enough samples of whatever it is we are testing? What amount of trades is the number? When can we be confident we have enough trades to rely on the results of our back test?
Jacob Bernoulli, the famous Swiss mathematician, is best known for his introduction of the theorem known [...]
