Not quite the same, since in my scenario the player loses everything after a loss while in the St. Petersburg Paradox it seems they keep their winnings. But it does seem relevant in explaining that expected value isn’t everything.
Not quite the same, since in my scenario the player loses everything after a loss while in the St. Petersburg Paradox it seems they keep their winnings. But it does seem relevant in explaining that expected value isn’t everything.
I’m looking at the game as a whole. The player has a 1 in 8 chance of winning 3 rounds overall.
But the odds of the player managing to do so are proportionate. In theory, if 8 players each decide to go for three rounds, one of them will win, but the losings from the other 7 will pay for that player’s winnings.
You’re right that the house is performing a Martingale strategy. That’s a good insight. That may actually be the source of the house advantage. The scenario is ideal for a Martingale strategy to work.
Well, they have to start over with a $1 bet.
I don’t know if that applies to this scenario. In this game, the player is always in the lead until they aren’t, but I don’t see how that works in their favor.
You’re saying that the player pays a dollar each time they decide to “double-or-nothing”? I was thinking they’d only be risking the dollar they bet to start the game.
That change in the ruleset would definitely tilt the odds in the house’s favor.
Right, and as the chain continues, the probability of the player maintaining their streak becomes infinitesimal. But the potential payout scales at the same rate.
If the player goes for 3 rounds, they only have a 1/8 chance of winning… but they’ll get 8 times their initial bet. So it’s technically a fair game, right?
I feel like he was working up to a punchline about haven mistaken a toy for an electric school bus, but for some reason failed to get there.
Yeah, I can’t speak to the behind-the-scenes drama, but I agree that Pierce was at his best in Season One, where he was a little bit grandiose and a little bit of a jerk but still had moments of wisdom and humanity. I always liked the talk he gave Jeff in the boating episode.
Turning him into a total buffoon villain from season 2 onwards was a change for the worse.
I found it on Know Your Meme: https://knowyourmeme.com/memes/pondering-my-orb
That was my first thought too. What’s this orb pondering business everyone’s on about?
What I usually love about musicals is the variety of songs and subject matters, and with the exception of the Klingon song, the songs all felt the same.
True, the complexity argument is usually given in bad faith. But I’ve seen even people who advocate RCV get confused about how the rounds work and how this affects the voting strategy.
Getting rid of FPTP is a priority, and I’ll support just about any reasonable alternative. But I never understood why Ranked Choice was pushed over Approval.
Approval is easier to understand, which fixes the main criticism of Ranked Choice. It’s also more immune to the spoiler effect.
That’s not true. The Hoover Dam contributes to Vegas’s power supply, but it’s nowhere near “almost entirely powered” by the dam, except in Fallout: New Vegas.
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What I can find all say seem to say more or less the same things about every candidate.
The US, but why? How does the answer differ in different countries?
The plummeting should take care of itself from that point. You might need assistance with the rotation though.