Simple Profitable Method - Take 2

Discussion in 'Technical Analysis' started by jimns, Apr 30, 2007.

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  1. GTS

    GTS

    No one said that isnt true - its obvious that is true. And that has nothing to do with what you claimed previously.

    I see now you are trying to reframe the discussion, maybe you've come to the realization that you were wrong and aren't man enough to admit it. Unforunately for you, your previous false statements are still in this thread for all to see.

    Nope, the chance of getting heads on the next flip is always 50/50, no matter how long the streak of heads that preceeds this flip - what happened before is irrelevent, the coin has no memory.
     
    #101     May 22, 2007
  2. JSSPMK

    JSSPMK

    that's exactly what I have said previously, the longer the run of heads, the more chances of getting a tails, because a possibility of continueing to get consecutive heads becomes more and more remote with every next consecutive heads :)
     
    #102     May 22, 2007
  3. GTS

    GTS

    Wrong - the probability of getting heads is always 50/50 on every toss, no matter how long the run of heads (or tails) is.

    Read it again:
     
    #103     May 22, 2007
  4. JSSPMK

    JSSPMK

    In that case it should be just as easy to get a straight run of 100 as it is to get 5 consecutive tails, but unfortunately for you it's not.
     
    #104     May 22, 2007
  5. Tums

    Tums

    the game theory is a well researched and studied knowledge. This is not a topic someone can get up and debate or argue about, without first understanding the fundamentals of the theory.
    (what you are talking about is covered in the first year university game theory or statistics course.)

    I would suggest you to do some readings first. There are lots of information on the internet, eg. wikipedia. You might be better equipped for a meaningful discourse, after you have acquired the basic knowledge.
     
    #105     May 22, 2007
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    #106     May 22, 2007
  7. R u blind?
    "After the first four tosses the results are no longer unknown, so they do not count. The probability of five consecutive heads is the same as four successive heads followed by one tails."

    READ!
     
    #107     May 22, 2007
  8. JSSPMK

    JSSPMK

    That wraps it up then.
     
    #108     May 22, 2007
  9. JSSPMK

    JSSPMK

    but not the same as 5 vs 10 successive heads :), that was my point all along. So what do you want me to read?
     
    #109     May 22, 2007
  10. JSSPMK

    JSSPMK

    And that's what started all this, it's you that ought to read properly what others post. Somehow this was linked to coin tossing. If I was wrong at stating the above based on your sugestions of me not being able to understand game theory, being a shit trader, not being able to read, etc, then why the fuck (pardon) do I get a solid average? Luck?
     
    #110     May 22, 2007
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