Here's something I couldn't get my head around while lying awake in bed last night...
Scenario 1: 3 people, named A, B and C, each generate a random number between 0 and 1. The probability that C will generate a number higher than both A and B is 1/3. The average number that C will generate is 0.5.
Scenario 2: Knowing that the average number C will generate is 0.5, they elect to not bother with the random number generation step for person C, and instead they just say that C's number is 0.5. However, this changes the probabilities of C beating A and B: the probability is now only 1/4.
Now, I understand the maths; I get how this works, mathematically. But I'm still lost at the intuition step. What I'm about to say smells of pseudoscience to me, but this is the best I can come up with: A's average number will also be 0.5; therefore, if C beats A, then it is likely that C has a higher number than average. Thus, C is more likely to also beat B, if C has already beaten A.
Does this make sense???
Here's something I couldn't get my head around while lying awake in bed last night...
Scenario 1: 3 people, named A, B and C, each generate a random number between 0 and 1. The probability that C will generate a number higher than both A and B is 1/3. The average number that C will generate is 0.5.
Scenario 2: Knowing that the average number C will generate is 0.5, they elect to not bother with the random number generation step for person C, and instead they just say that C's number is 0.5. However, this changes the probabilities of C beating A and B: the probability is now only 1/4.
Now, I understand the maths; I get how this works, mathematically. But I'm still lost at the intuition step. What I'm about to say smells of pseudoscience to me, but this is the best I can come up with: A's average number will also be 0.5; therefore, if C beats A, then it is likely that C has a higher number than average. Thus, C is more likely to also beat B, if C has already beaten A.
Does this make sense???
Right, yeah, that makes sense. So you'd have to assign C with the number sqrt(1/3) in order to make it equivalent to a scenario 1...
Also, just FYI, Excel tells me that the average of C's random numbers where C had the highest number would be 0.75; it appears to be n/(n+1), where n is the number of players, which makes sense also.
I'm sure there's a way I can use this to my advantage somehow. I once thought of a thing that exploited people's inability to do probabilities in their heads. The odds of rolling a 6 with 3 dice is about 42%, but most people would think it was 50%. So you offer people odds at 50% (i.e. double your stake if you roll a 6 with 3 dice), and collect the 8% margin. I'm sure you could do something similar here, where instead of agreeing that C (the mark) has a fixed number of 0.5, you simply do a random number between, say, 0.3 and 0.7, which to the average punter looks like a reasonably random number between 0 and 1, but is in fact stacking the odds in the house's favour. Reason being, C only wins ~25% of the time (or a number that approaches 25% the narrower the random range is), rather than the 33% of the time the punters assume. So you can even give them "favourable" odds and still collect a margin...
EDIT: Of course, you don't tell them that the random number is between 0.3 and 0.7, cos they'd smell a rat. You tell them it's a random number between 0 and 1. And it looks to any outsider as if it's random btwn 0 and 1, since it's still distributed around 0.5. I'm not sure how you'd work this into a game though. The dice game is easy; this? No idea. Pick a card maybe?
Ahh yeah, I like that MCdread - I think that's the clearest intuition for me. It has the added benefit of making it a lot easier to tweak the odds on my casino scam![]()
Bump for Paradigm Shifter...
From memory, this is called the hailstones problem, or series, or something.
Take any integer x
If x is even, halve it
If x is odd, then do 3x+1
rinse & repeat.
The conjecture is that it will always reach the loop 1-->4-->2-->1, but that's yet to be proven.
Prove that no matter which number you start from, you'll always reach a number divisible by 4.
How do I use this calculator: http://www.1728.org/ellipse.htm ? I'm entering numbers, but nothing's working.
At all.
Nothing shows up, zilch.