Posts Tagged ‘Merry Christmas MerryChristmas’
Positive Recency, Monte Carlo Fallacy and School Safety | Dr. David Perrodin | SAFETY DOC #87 [Podcast]
PODCAST – On August 18, 1913, at the casino in Monte Carlo, black came up a record twenty-six times in succession in roulette. There was a near-panicky rush to bet on red, beginning about the time black had come up a phenomenal fifteen times. Although the probability that the probability was 47.4% the ball would…
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