Edward O. Thorp

Edward O. Thorp
Born (1932-08-14) August 14, 1932 (age 92)
Chicago, Illinois, U.S.
Alma materUniversity of California, Los Angeles
Scientific career
FieldsProbability theory, Linear operators
InstitutionsUC Irvine, New Mexico State University, MIT
Thesis Compact Linear Operators in Normed Spaces  (1958)
Doctoral advisorAngus E. Taylor
Doctoral studentsHoward Elton Lacey

Edward Oakley Thorp (born August 14, 1932) is an American mathematics professor, author, hedge fund manager, and blackjack researcher. He pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain.

Thorp is the author of Beat the Dealer, which mathematically proved that the house advantage in blackjack could be overcome by card counting.[1] He also developed and applied effective hedge fund techniques in the financial markets, and collaborated with Claude Shannon in creating the first wearable computer.[2]

Thorp received his Ph.D. in mathematics from the University of California, Los Angeles in 1958, and worked at the Massachusetts Institute of Technology (MIT) from 1959 to 1961. He was a professor of mathematics from 1961 to 1965 at New Mexico State University, and then joined the University of California, Irvine where he was a professor of mathematics from 1965 to 1977 and a professor of mathematics and finance from 1977 to 1982.[3]

  1. ^ Peter A. Griffin (1979) The Theory of Blackjack, Huntington Press, ISBN 978-0929712130
  2. ^ Edward O. Thorp. "The Invention of the First Wearable Computer" (PDF). Edward O. Thorp & Associates. Archived from the original (PDF) on May 28, 2008. Retrieved April 26, 2010.
  3. ^ "Founding professor of math donates personal, professional papers to UCI Libraries". UCI News. UC Irvine. June 12, 2018.