Odds and Probability
Coin-flip streaks and what they do not prove
Five heads in a specified row is 1 in 32 on a fair coin. The run does not schedule the next toss or prove a system.
Tag
fallacies
2 posts tagged "fallacies".
Odds and Probability
The law of large numbers without jargon
The law of large numbers says averages settle. It does not say the next result will cancel the last one.