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race-track-principle

A principle based on betting odds that illustrates probability calculus through addition and multiplication of chances.

1 chapter across 1 book

Great Ideas in Information Theory, Language and Cybernetics (1966)Jagjit Singh

Preamble

The chapter introduces four fundamental principles—the race track, slide rule, chartroom, and club principles—as foundational ideas to understand information theory, language, and cybernetics. It emphasizes the growing importance of artificial automata and the quest to simulate human intelligence by studying symbolic processes like language and the mathematical theory of information. The chapter also highlights the dual nature of power, linking physical energy and informational control, and sets the stage for exploring the physical basis of intelligence in living brains and machines.