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William Poundstone

American science and business writer covering game theory, probability, pricing psychology and decision-making.

Fortune's Formula traces the Kelly criterion from Bell Labs information theory to Ed Thorp's blackjack and hedge-fund bet sizing, and it remains the standard entry point to position sizing under an edge. Priceless collects the experimental work on how buyers anchor and compare prices, which transfers straight into pricing decisions.

5 books of their own

Books they wrote 5

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  1. Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall StreetWilliam Poundstone, 2005
  2. PricelessWilliam Poundstone, 2010
  3. Prisoner's DilemmaWilliam Poundstone, 1992
William Poundstone · 2005 · Kelly criterion and information theory: the intellectual lineage Medallion trades on.
William Poundstone · 2010 · The psychology of price, anchoring and what people will meter.

Tags

edward-thorpclaude-shannonjohn-von-neumannkelly-criterionposition-sizinggame-theorypricinganchoringprobability