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On The Other Hand...
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by Renée Paule (Goodreads Author)
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Reading for the 2nd time
read in March 2014
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Cindy Cindy said: " : On The Other Hand: The Little Anthology of Big Questions (Paperback)
I have struggled to write this review.
First, I found the book difficult to digest... I chewed over it, slowly.
The author rather sternly points to the importance of 'being prepared
...more "

 
The New Drawing o...
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  (page 10 of 291)
Dec 04, 2013 07:29AM

 
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Leonard Mlodinow
“Another mistaken notion connected with the law of large numbers is the idea that an event is more or less likely to occur because it has or has not happened recently. The idea that the odds of an event with a fixed probability increase or decrease depending on recent occurrences of the event is called the gambler's fallacy. For example, if Kerrich landed, say, 44 heads in the first 100 tosses, the coin would not develop a bias towards the tails in order to catch up! That's what is at the root of such ideas as "her luck has run out" and "He is due." That does not happen. For what it's worth, a good streak doesn't jinx you, and a bad one, unfortunately , does not mean better luck is in store.”
Leonard Mlodinow, The Drunkard's Walk: How Randomness Rules Our Lives

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