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The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the belief that, if an event (whose occurrences are independent and identically distributed) has occurred less frequently than expected, it is more likely to happen again in the future (or vice versa). The fallacy is commonly associated ...
Mathematical joke. A mathematical joke is a form of humor which relies on aspects of mathematics or a stereotype of mathematicians. The humor may come from a pun, or from a double meaning of a mathematical term, or from a lay person's misunderstanding of a mathematical concept. Mathematician and author John Allen Paulos in his book Mathematics ...
The St. Petersburg paradox or St. Petersburg lottery[1] is a paradox involving the game of flipping a coin where the expected payoff of the lottery game is infinite but nevertheless seems to be worth only a very small amount to the participants. The St. Petersburg paradox is a situation where a naïve decision criterion that takes only the ...
Tossing a coin. Coin flipping, coin tossing, or heads or tails is the practice of throwing a coin in the air and checking which side is showing when it lands, in order to randomly choose between two alternatives. It is a form of sortition which inherently has two possible outcomes. The party who calls the side that is facing up when the coin ...
In probability theory, the law of large numbers (LLN) is a mathematical law that states that the average of the results obtained from a large number of independent random samples converges to the true value, if it exists. [1] More formally, the LLN states that given a sample of independent and identically distributed values, the sample mean ...
Power of two. A power of two is a number of the form 2n where n is an integer, that is, the result of exponentiation with number two as the base and integer n as the exponent. Powers of two with non-negative exponents are integers: 20 = 1, 21 = 2, and 2n is two multiplied by itself n times. [1][2] The first ten powers of 2 for non-negative ...
The function () is defined on the interval [,].For a given , the difference () takes the maximum at ′.Thus, the Legendre transformation of () is () = ′ (′).. In mathematics, the Legendre transformation (or Legendre transform), first introduced by Adrien-Marie Legendre in 1787 when studying the minimal surface problem, [1] is an involutive transformation on real-valued functions that are ...
The graph forms a rectangular hyperbola. In mathematics, a multiplicative inverse or reciprocal for a number x, denoted by 1/ x or x−1, is a number which when multiplied by x yields the multiplicative identity, 1. The multiplicative inverse of a fraction a / b is b / a. For the multiplicative inverse of a real number, divide 1 by the number.