Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > General Gambling > Probability
FAQ Community Calendar Today's Posts Search

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #8  
Old 10-13-2007, 10:42 AM
AaronBrown AaronBrown is offline
Senior Member
 
Join Date: May 2005
Location: New York
Posts: 2,260
Default Re: LLN Question (FGators Question)

I'm not sure if everything has been resolved or not.

The long run average winning percentage converges to the expected win rate.

The long run number of wins "diverges" in the sense that the expected absolute difference between the current number of wins and future number of wins increases, the farther you look into the future.

However, the long-run number of wins can also be said to neither converge nor diverge. It's not a question of mathematical definitions, it's a question of English. If you flip a fair coin and win $1 for heads and pay $1 for tails, your expected wealth after any number of future flips is equal to your current wealth. It does not tend to zero or anything else.
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 12:00 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.