A Helping Page
In the book Rock Breaks Scissors, the author William Poundstone writes about how to outguess people and things. He talks about how to outthink people and how to outwit them too. In each chapter, the book teaches a new skill. Within
every chapter are different statistics, facts to back up claims, and different
strategies to outguess. Poundstone goes in-depth about how to do everything he
writes about. At the end of every chapter, he writes a small overview restating
what the chapter said. Rock Breaks Scissors goes over a lot of everyday situations and problems that have an easy way to be solved. Poundstone created this book to help people through situations rather than to help people gyp others.
In chapter four, How to Outguess the Lottery, Poundstone wants to teach how to improve the odds of winning. Poundstone states: “The strategy in this chapter is strictly for those who enjoy the lottery as entertainment and are going to play it anyway” (Poundstone 68). This is not a moneymaking scheme. He asserts that this strategy is for people who play for fun all of the time. In the beginning of the chapter there is one story about an MIT statistician, who was one of the first to test theories about different numbers in the lottery. Once he got an almost perfect strategy, he only won ten times in 210 days. For those 210 days he spent $33 per day adding up to an astonishing $6,930. For people who play the lottery as a game this would be no issue because the money is being spent anyway. Most people also probably do not spend in such a big way. In the New Jersey lottery, there is only a 1 in 175,223,510 chance of winning.
Poundstone continues to help in chapter seven when he explains how to outguess soccer penalty kicks. With a penalty kick in soccer, the ball is placed twelve feet away from the goal and a kicker kicks the ball in any of these directions: high left, low left, high right, low right, or directly in the middle. There are 192 square feet for the ball to enter the goal. After the ball is kicked, it takes a one-fifth of a second for it to travel into the goal: “That’s not enough time for the goalie to react” (87). Even when the goalie does dive the correct way, “the kicker scores about 90% of the time” (88). These show that even when the goalies dive, they aren’t very likely to prevent the goal. All this strategy is doing is increasing the kicker’s odds of scoring. There is no way to gyp the goalie in this situation because there is no interaction other than kicking and saving the ball. The goalie can also read this chapter and the statistics that go along with it. When the goalie has read this chapter they dive the way the kicker is most likely kick. For both sides of the party this is a good chapter. It is well balanced and both the kicker and the goalie can use it to their own advantage.
Poundstone continues his benevolence in chapter twenty-two: How to Outguess the Stock Market. He writes about how the stocks change and shows different stocks reflecting his advice. At one point, it is “argued that stock price movements are not random at all. They described a way to outguess the market” (233). This shows that the information Poundstone brings up has already been stated and other people can find this information. Like when PE (price to earnings) is high then the stocks will most likely drop in the future. That means stockholders should avoid buying at a high PE and wait until the PE drops to buy. The time to sell stocks would be when the PE is high. This was already stated by Victor Niederhoffer in 1966. All he is doing is making it easier to find information already there. He is making facts clearer and simpler. It is not harming anyone else if you follow the strategy in chapter twenty-two, it is only helping you.
Poundstone wrote the book Rock Breaks Scissors
to help people, not to gyp or scam others. This book gives statistics to learn
and bases statements off of facts. Poundstone makes information visible to his
readers. He mixes facts with statistics and different images to make the book simple and easy to read. At the end of the book if you wanted to research more about one topic there is even a bibliography with sources. This is a good structure to help people with learning strategies without making the book about stealing and gypping people.
Works
Cited
Poundstone, William. Rock Breaks Scissors. Little, Brown and Company, 2014.