Theoretical loss and gambling intensity: a simulation study

Many recent studies of internet gambling—particularly those that have analysed behavioural tracking data—have used variables such as ‘bet size’ and ‘number of games played’ as proxy measures for ‘gambling intensity.’ In this paper, it is argued that the best and most stable measure for Gambling Intensity is the ‘Theoretical Loss’ (a product of total bet size and house advantage). In the long run, Theoretical Loss corresponds with the Gross Gaming Revenue generated by commercial gaming operators. For shorter periods of time, Theoretical Loss is the most stable measure of gambling intensity as it is not distorted by gamblers’ occasional wins. Even for single bets, the Theoretical Loss reflects the amount a player is willing to risk. Using a simulation study, with up to 300,000 players playing as many as 13 different games, this paper demonstrates that the bet size and the number of games do not explain the theoretical loss entirely. In fact, there is a large proportion of variance which remains unexplained by measures of ‘bet size’ and ‘number of games’ played. Bet size and the number of games played do not equate to or explain theoretical loss, as neither of these two measures takes into account the house advantage

Relative ages of lava flows at Alba Patera, Mars

Many large lava flows on the flanks of Alba Patera are astonishing in their volume and length. As a suite, these flows suggest tremendously voluminous and sustained eruptions, and provide dimensional boundary conditions typically a factor of 100 larger than terrestrial flows. One of the most striking features associated with Alba Patera is the large, radially oriented lava flows that exhibit a variety of flow morphologies. These include sheet flows, tube fed and tube channel flows, and undifferentiated flows. Three groups of flows were studied; flows on the northwest flank, southeast flank, and the intracaldera region. The lava flows discussed probably were erupted as a group during the same major volcanic episode as suggested by the data presented. Absolute ages are poorly constrained for both the individual flows and shield, due in part to disagreement as to which absolute age curve is representative for Mars. A relative age sequence is implied but lacks precision due to the closeness of the size frequency curves

A simple method for estimating a cow's breeding value from her own lactations and her sire's progeny test

International audienc

Preserving Value in the Post-BAPCPA Era — An Empirical Study

Through the use of a multivariate regression model, this article studies the effect on debtor reorganization values of the shortened reorganization timeframe imposed by the Bankruptcy Abuse Prevention and Consumer Protection Act (“BAPCPA”). The study shows that BAPCPA is positively correlated at a statistically significant level with higher reorganization recoveries. This result is attributed to the increased proportion of prepackaged and prenegotiated bankruptcies observed in the post-2005 era, as these “fast-track” bankruptcy cases entail lower costs and better preserve the firm’s value

Geomorphic evidence for ancient seas in west Deuteronilus Mensae, Mars-1: Regional geomorphology

The fretted terrain in west Deuteronilus Mensae consists of extensive cratered upland penninsulas or isolated plateaus cut by long, finger-like canyons typically 10 to 20 km wide and upwards of 300 km long. The longest of these canyons trend roughly north-south to north-northeast, which may reflect some local structural and/or topographic control. At least three geomorphic zones roughly parallel to the lowland/upland boundary, suggestive of increasing modification northward, can be recognized on the fretted region of the region. The southern-most zone (zone A) consists of sharply defined fretted terrain. The middle zone (zone B) consists of well defined fretted terrain in which the plateau surfaces appear smoother, with a somewhat darker and much less varied albedo surface than those of zone A. The northern-most zone (zone C) consists of rounded or softened fretted terrain. The zones were interpreted as surface exposures of successively lower stratigraphic units

Geomorphic evidence for ancient seas on Mars

Geomorphic evidence is presented for ancient seas on Mars. Several features, similar to terrestrial lacustrine and coastal features, were identified along the northern plains periphery from Viking images. The nature of these features argues for formation in a predominantly liquid, shallow body of standing water. Such a shallow sea would require either relatively rapid development of shoreline morphologies or a warmer than present climate at the time of outflow channel formation

Curvilinear ridges and related features in southwest Cydonia Mensae, Mars

Examined is a region on Mars in southwest Cydonia Mensae (32 deg lat., 17 deg long.) just northwest of the lowland/upland boundary escarpment. The dominant morphological features in this region are the clusters of large massifs and plateau outliers (PI), knobby material (K), and smooth lowland plains (Ps). Surrounding the clusters and linking many isolated knobs is a system of curvilinear ridges and arcuate terrain boundaries which tend to separate the massifs and knobs from the smooth plains. Curvilinear ridges are arcuate to nearly linear and smoother in plan than wrinkle ridges and show no apparent correlation with regional structural grain. They are typically 5 to 10 km long but can range from as little as 2 or 3 km to greater than 50 km long. The widths vary from about 100 m to as much as 2 km. Curvilinear ridges are most numerous within 100 km of the lowland/upland boundary escarpment and are associated with massifs and knobby terrain. Arcuate terrain boundaries appear between units of different apparent albedo or arcuate breaks in slope

Geomorphic evidence for ancient seas in west Deuteronilus Mensae, Mars-2: From very high resolution Viking Orbiter images

Very high resolution Viking Orbiter images of the Martian surface, though rare, make it possible to examine specific areas at image scales approaching those of high altitude terrestrial aerial photographs. Twenty three clear images lie within west Deuteronilus Mensae. The northernmost images which constitute an almost unbroken mosaic of the west wall of a long fingerlike canyon are examined. Morphological details on the plateau surface within zone B, not detectable at low resolution, make it possible to divide the zone into two distinct subzones separated by an east-west escarpment. The morphology of the canyon floor is described in detail