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Gambling
“
The Strip was still lit by a million neon lights, though the crowds on the sidewalk had greatly decreased by this hour. Still, Bosch was awed by the spectacle of light. In every imaginable color and configuration, it was a megawatt funnel of enticement to greed that burned twenty-four hours a day. Bosch felt the same attraction that all the other grinders felt tug at them. Las Vegas was like one of the hookers on Sunset Boulevard in Hollywood. Even happily married men at least glanced their way,
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― Trunk Music
― Trunk Music
“
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
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― The Drunkard's Walk: How Randomness Rules Our Lives
― The Drunkard's Walk: How Randomness Rules Our Lives
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...December 10, 2011 to January 09, 2012...
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