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  2. Coin flipping - Wikipedia

    en.wikipedia.org/wiki/Coin_flipping

    Coin flipping was known to the Romans as navia aut caput ("ship or head"), as some coins had a ship on one side and the head of the emperor on the other. In England, this was referred to as cross and pile. Process. During a coin toss, the coin is thrown into the air such that it rotates edge-over-edge an unpredictable number of times.

  3. Gambler's fallacy - Wikipedia

    en.wikipedia.org/wiki/Gambler's_fallacy

    When flipping a fair coin 21 times, the outcome is equally likely to be 21 heads as 20 heads and then 1 tail. These two outcomes are equally as likely as any of the other combinations that can be obtained from 21 flips of a coin. All of the 21-flip combinations will have probabilities equal to 0.5 21, or 1 in 2,097,152. Assuming that a change ...

  4. Fair coin - Wikipedia

    en.wikipedia.org/wiki/Fair_coin

    In theoretical studies, the assumption that a coin is fair is often made by referring to an ideal coin. John Edmund Kerrich performed experiments in coin flipping and found that a coin made from a wooden disk about the size of a crown and coated on one side with lead landed heads (wooden side up) 679 times out of 1000.

  5. John Edmund Kerrich - Wikipedia

    en.wikipedia.org/wiki/John_Edmund_Kerrich

    John Kerrich was born in Norfolk, England [2] and grew up in South Africa. He was educated there and in the UK (First class Honours in Mathematics & MSc Astronomy, University of the Witwatersrand; Diploma in Actuarial Mathematics, University of Edinburgh ). He was appointed lecturer in mathematics in 1929, and senior lecturer six years later.

  6. Checking whether a coin is fair - Wikipedia

    en.wikipedia.org/wiki/Checking_whether_a_coin_is...

    Determining the sex ratio in a large group of an animal species. Provided that a small random sample (i.e. small in comparison with the total population) is taken when performing the random sampling of the population, the analysis is similar to determining the probability of obtaining heads in a coin toss. See also. Binomial test; Coin flipping

  7. St. Petersburg paradox - Wikipedia

    en.wikipedia.org/wiki/St._Petersburg_paradox

    St. Petersburg paradox. The St. Petersburg paradox or St. Petersburg lottery [1] is a paradox involving the game of flipping a coin where the expected payoff of the lottery game is infinite but nevertheless seems to be worth only a very small amount to the participants. The St. Petersburg paradox is a situation where a naïve decision criterion ...

  8. Sleeping Beauty problem - Wikipedia

    en.wikipedia.org/wiki/Sleeping_Beauty_problem

    Sleeping Beauty problem. The Sleeping Beauty problem, also known as the Sleeping Beauty paradox, [1] is a puzzle in decision theory in which an ideally rational epistemic agent is told she will be awoken from sleep either once or twice according to the toss of a coin. Each time she will have no memory of whether she has been awoken before, and ...

  9. Flipism - Wikipedia

    en.wikipedia.org/wiki/Flipism

    Flipism, sometimes spelled " flippism ", is a personal philosophy under which decisions are made by flipping a coin. It originally appeared in the Donald Duck Disney comic "Flip Decision" [1] [2] by Carl Barks, published in 1953. Barks called a practitioner of "flipism" a "flippist". [3] [4]