Tag Archives: expectation
Below are the results and my conclusions from a problem I posed in Twitter yesterday about gambling.
We posed a problem about a fair coin toss game that resulted in a relatively high number of engagements in Twitter and interesting discussion about trading and probabilities. The conclusion is that many traders do not understand probability. For access … Continue reading
In articles in blogs and in financial and social media, quants identify patterns in some securities that appear profitable or unprofitable. In many cases these attempts reflect a fight against infinite possibilities and insufficient samples but also show lack of … Continue reading