A.J. McMahon

55%
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Generate a long series of coin flips producing heads and tails with 50% odds each and fill up sheets of paper. If the series is long enough you may get eight heads or eight tails in a row, perhaps even ten of each. Yet you know that in spite of these wins the conditional odds of getting a head or a tail is still 50%.
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto, #1)
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