The House Always Wins
Mathematical Modeling
Investigate common casino games.
Introduction
What could you change in these games to make them more or less attractive? Explore!
Guiding Questions
- What mathematical models apply to this situation?
- What data do you need to collect and how will you analyze it?
- What assumptions are you making in your mathematical model?
- How can you validate your mathematical conclusions?
- What are the limitations of your approach?
Key Mathematical Concepts
Probability
Statistics
Casino Mathematics
Expected Value