Sunday, May 7, 2017


"Probability Drive"
number 1603

1 comment:

  1. 3.875 X 2.75 inches
    Moulin du Roy 90 lb HP w/c paper
    graphite/watercolor pencils/water-soluble wax pastels

    calculating probabilities
    in a situation like a coin toss is straightforward
    because the outcomes are mutually exclusive
    either one event or the other must occur
    each coin toss is an independent event
    the outcome of one trial has no effect on subsequent ones
    no matter how many consecutive times one side lands facing up
    the probability that it will do so at the next toss is always .5 (or 50-50)

    the mistaken idea that a number of consecutive results
    makes it more likely that a different result will follow
    is known as the gambler's fallacy
    (one that has led to the downfall of many a bettor)