John Thorp

John Thorp (born 1932) is a notable figure in the field of finance, particularly recognized for his contributions to derivatives trading and risk management. He is best known for developing the "Thorp probability," a mathematical method used in gambling and investment strategies. Thorp's innovations in quantitative finance laid the groundwork for modern trading practices, including options pricing, which is essential for managing financial risk. In addition, he authored influential books like "Beat the Dealer," which details his strategies for winning at blackjack, combining his expertise in mathematics with practical applications in gaming and finance.