Word: computerized
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Industrialist Sir Leon Bagrit, 60, believes that automation "is a matter of life and death to this country. It is to the second industrial revolution what the harnessing of power was to the first. Because we were the first in adopting new techniques 150 years ago, we have benefited ever...
The omnicompetent computer, whose attention often seems to be concentrated on the welfare of moon travelers and submariners, may at last have produced a palpable boon for the common run of mankind: a system for winning money in a gambling house.
A 30-year-old mathematics professor named Edward O. Thorp claims to have made this important breakthrough by feeding the equivalent of 10,000 man-years of desk-calculator computations into an IBM 704 computer and arriving at a set of discoveries about the way the odds fluctuate in the...
Hence the basic blackjack strategy, according to Thorp's computer, is that the fewer cards valued at two to eight that are left in the pack, the greater advantage to the player. On the other hand a shortage of nines, tens and aces gives the dealer an advantage. A...
Management by Computer. Though the Fiat automobile company and other lay investors now hold substantial interests in Immobiliare, the Vatican is the company's largest single stockholder, and three members of Rome's "Black" nobility, including a nephew of Pope Pius XII, sit on Immobiliare's board...