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Daily Archive October 25th, 2017

How long do you need to flip a coin to see a streak?

Filed in Encyclopedia ,Ideas ,R
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STREAK RESULTS FOR LIKELY (>50%) and HIGHLY LIKELY (>99%) Click to enlarge From research on the hot hand to the observation that people don’t create enough streaks when instructed to create pseudo random data, the decision science community is pretty interested in the perception of streaks. One day we got to wonder, how long would […]