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Contributed paper list


   (Tuesday 4th, 10:30-12:30)

Throwing a die with a computer algebra system – in theory and practice

Presenter

• Karsten Schmidt (Germany)

Abstract

Most management science and economics students attending an advanced statistics course appreciate a quick repetition of the concept of random variables. We describe the application of the Computer Algebra System Derive to the familiar “throwing a die” example which turns out to be a substantial time saver, e.g. since tedious manual calculations can be avoided. Our approach also allows straightforward application to the investigation of other gambling examples. Last but not least, using a Computer Algebra System also makes looking at the empirical side of gambling more comfortable by providing built-in functions for pseudo random number generation as well as for the computation of statistical parameters.