Statistics and Probability Commons^™

Statistical Methods To Generate Artificial Slot Floor Data For The Advancement Of Casino Related Research, Courtney Bonner, Anastasia (Stasi) D. Baran, Jason D. Fiege, Saman Muthukumarana

International Conference on Gambling & Risk Taking

Abstract:

A common difficulty when researching gambling topics is the availability of high-quality data sets for development and testing. Due to the high level of secrecy within the gambling industry, if data is obtained for research purposes it is often prohibitively obfuscated, incomplete, or aggregated. Although these data have allowed for advancement in academic work, it leaves both the researchers and readers left wondering about what would be possible if more detailed data sets were available. To mitigate the paucity of data available to researchers, we present a Markov chain-based statistical process for producing artificial event data for a simulated …

Table Games Revenue Management: A Bayesian Approach, Daryl F. Boykin

UNLV Theses, Dissertations, Professional Papers, and Capstones

With growing competition for casino floor space, the Table Games department is under increased pressure to improve revenues. Current systems in the department rely upon a supervisor's intuitive knowledge about business trends hourly to respond to business levels. By using Bayesian analysis, it is possible to develop a functional revenue management system for making optimal business decisions in the Table Game Departments.