- TalkBack 1 of 2:
- Next »
- Thread View
- Flat View
- Gambler's fallacy
-
"Punters will find that certain one-armed bandits in a casino appear to pay more on average than others, but an intelligent player should also try machines that have so far paid less, in case they are hiding a jackpot, Kocsis said."
Kocsis should retake his statistics and logic classes.
What we have here is what's called the "gambler's fallacy." When you flip a coin, or roll a dice, or any other totally random action, the odds of the next action are never based on the previous action. Just because the previous outcome has been favorable or unfavorable doesn't mean the next outcome is more or less likely.
The truth is, there are no "two sorts of machines." Every machine is the same.
If you flip a coin and it comes up heads ten times, the chances are still 50% that you will get heads on the next flip.
In Go, this may be different, as it's a strategy game and not a chance game, so the algorithm may actually work in Go. But it definitely won't work against the slots.
He should've picked a better illustration. - Posted by: CobraA1 Posted on: 02/21/07 You are currently: a Guest | Members login | Terms of Use
|
|
|
|
What do you think?
SponsoredWhite Papers, Webcasts, and Downloads
- IBM Smart Business Time Savings Test IBM If time is money - is your organization in need of a way to save both? ... Download Now
- Why Isn't Server Virtualization Saving Us More? A Few Small Changes May Dramatically Increase Your Efficiency VMware Companies have rapidly adopted server virtualization over the past few ... Download Now
- Three Steps You Need to Know to Stop Data Loss Varonis Sensitive data exposed to misuse or loss... it is the stuff of nightmares ... Download Now
Premier Vendor Content Whitepapers, webcasts & resources from our Power Center Sponsors
- Microsoft Dynamics CRM Online - Free Six-Month Trial for Eligible Organizations
-
Microsoft Dynamics CRM Online provides fast online access, simple contact management and better sales performance for a low monthly cost - the best value on the market today.

- Learn more about the free, six-month trial offer >>
- Keep Up With The Latest In Document Management with The DocuMentor.
-
Doc delivers the scoop on today's enterprise content management, printer maintenance, and all other issues related to document management. It's the DocuMentor Blog.
- Learn more >>
- Twelve Ways to Reduce Costs with Microsoft® SQL Server® 2008
-
Discover ways in which organizations can use Microsoft SQL Server 2008 to save time and money.

- Click to download>>
- Reduce risk. Reduce complexity. Increase reliability.
-
A simplified IT environment isn't just less complex. It's also more reliable. Standardize on a single Linux platform with SUSE Linux Enterprise from Novell, and get the world's most interoperable Linux
- Learn more >>
SmartPlanet
- Thought-provoking progressive ideas on diverse topics that intersect with technology, business, and life, and matter to the world at large. Visit SmartPlanet
- More from IBM
- How to Drive Better Business Outcomes with Exceptional Web Experiences Download the eBook
- Driving Business Agility through SOA Connectivity & Integration Read the White Paper from IBM
- Linking Decisions and Information for Organizational Performance Read the Tom Davenport study









