Taking Chances presents an entertaining and fascinating exploration of probability, revealing traps and fallacies in the field. It describes and analyzes a remarkable variety of situations where chance plays a role, including football pools, the Lottery, T.V. games, sport, cards, roulette, coins, and dice. The book guides the reader round common pitfalls, demonstrates how to make better informed decisions, and shows where the odds can be unexpectedly in your favor. This new edition has been fully updated, and includes information on "Who Wants to be a Millionaire? " and "The Weakest Link", plus a new chapter on Probability for Lawyers.
LOOSE THINKING CAN COST YOU MONEY While the book is mainly written on probability in games, which has already been covered in many books, the author coveres the basics of probability and coin tossing very nicely. He also covers the theory of dices thoroughly and approaches "Games with few choices" (Game Theory) with great enthusiasm. Finally the chapter "Probability for Lawyers" with it's terms such as the prosecutors fallacy and the defence attorne's fallacy are a must read for every person interested in the fascinating subject of probabiliy. PS: second edition covers now Bayes's theorem (previous readers criticised the author of missing this important theory in the first issue)
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