Re: A book..

Clueless leaps forward to confuse statistics and probability, "in laymen's
terms", and advocates listening to the little superstitious voice in his head.

MoneyLA is a total waste of bandwidth and time.

--
Onward thru the fog,
Mason


"alan" <moneyla@xxxxxxx> wrote in message
news:1120847212.964404.196830@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> This book just might be a hoot, so Im looking forward to it.
>
> LS: I explored the website link you posted and found this from the
> "original" pamphlet that that book is based on. Im posting it here
> looking for some discussion about it:
>
> In fact, there is a scientific name for this phenomenon. It's called
> "Regression to the Mean." And while "Regression to the Mean"
> has a much more scientific ring to it than "The Gambler's
> Fallacy," it essentially means the same thing. In layman's terms,
> it means that over a period of time, weird fluctuations in probability
> will gradually even out to give you the results you'd normally
> expect.
>
> "The concept of something being "due," in other words, is not as
> foolish as the gambling experts would have you believe. And that has
> very important implications for playing craps. If a little voice in
> your head says, "Hey, we haven't seen an eleven for quite a
> while," don't ignore it. By all means, throw the stickman a $25
> chip and tell him to put it on the "Yo." In my experience,
> "Yo's" are like the Holy Trinity: They tend to disappear for a
> while and then come back in groups of threes."
>


.

Relevant Pages

  • Re: Me and David C. Ullrich
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  • Re: Method to prove no dice manipulation on on-line BG sites
    ... "chance" to a large degree (in money games and short matches). ... Here you can find an example about testing if a coin is fair: ... Your "too-many-doubles" case is almost identical (for a coin you have two possible results, head/tail, with probability 1/2 each, while for bg rolls you have 2 possible results, double/no-double, with probability 6/36 and 30/36), hence you can apply the same method. ... Just as an example, in the case of the coin, if you want to estimate the probability of head: count the number of heads H and the number of tails T in N experiments, then the probability of head is estimated by p = H/. ...
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  • Re: The search of no-normality
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