Bitcoin Forum
December 14, 2024, 01:21:05 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: « 1 2 3 4 5 [6]  All
  Print  
Author Topic: Gambler's fallacy, what do you think?  (Read 5939 times)
mordekaiser
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
March 30, 2015, 08:43:38 PM
 #101

This is all based on the principal of knowing you have a higher source roll then the house.

I dont see any other way you`ll out win them. But, then fallacy means you know the outcome so quit way ahead of that time since you know its not worth it.
Phildo
Legendary
*
Offline Offline

Activity: 1526
Merit: 1000



View Profile
March 31, 2015, 01:17:07 AM
 #102

This is all based on the principal of knowing you have a higher source roll then the house.

I dont see any other way you`ll out win them. But, then fallacy means you know the outcome so quit way ahead of that time since you know its not worth it.

The "Gambler's Fallacy" is that people think that a coin has a better than 50/50 chance of landing on heads because the last flip landed on tails. This is a fallacy because every flip (of a fair coin) has a 50% chance of landing on heads. The last flip has no bearing on the next one.
Pages: « 1 2 3 4 5 [6]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!