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Message
re: Monty Hall Spinoff Thread: St. Petersburg Paradox
Posted on 8/12/17 at 6:19 pm to mdomingue
Posted on 8/12/17 at 6:19 pm to mdomingue
This poster said in regards this previous post:
That's wrong. Each flip is 50/50 but the series of events isn't. The poster above is confused.
quote:quote:
You have a 1/2 chance of winning $1, a 1/4 chance of $2, a 1/8 chance of $4, and so on.
That isn't right. Each flip of the coin is 50/50. The coin has no memory nor control over the flip.
That's wrong. Each flip is 50/50 but the series of events isn't. The poster above is confused.
1
Posted on 8/12/17 at 6:28 pm to KosmoCramer
quote:
That's wrong. Each flip is 50/50 but the series of events isn't. The poster above is confused.
Rereading his post, I see what you were answering now. Pretty much told him the same thing. Chalk it up to another bad response.
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