Author

Books by Edward O. Thorp

Edward O. Thorp is an American mathematician, author, and hedge fund manager. He earned his PhD in mathematics from UCLA and taught at MIT and UC Irvine before his work on blackjack and markets made full-time academic life difficult to reconcile with his other activities. He is the author of Beat the Dealer, the first book to use mathematical analysis to show that blackjack could be beaten, and Beat the Market, co-authored with Sheen Kassouf, which introduced options pricing concepts later refined into the Black-Scholes model. Princeton-Newport Partners, which he co-founded, returned over 20 percent annually net of fees over nearly two decades.