Re: Problem with your book
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because a long term span will also eventually include a period of time where it comes 19 heads in a row.
[/ QUOTE ] But why? Why will a long term period of time eventually include 19 heads in a row. How do you know this? You are predicting future results.... Based on past events!
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Then I've got a better challenge than playing HU...
You and I will sit down at a table with a quarter. We'll flip it over and over. Everytime we manage to flip heads 19 times in a row - you can give me 100-to-1 on any amount of money that the next (20th) flip will be tails.
Sound like a deal?
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Lol, we'll be sitting at that table for a long time. Plus I'm not saying its impossible for that coin to come up heads on the 20th flip, just more unlikely than tails. So 100:1 is a little steep. I'd definitely give you like 1.5:1 or maybe even 2:1 though.
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