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A medical example is described by Axelsson. Say a doctor performs a test that is 99% accurate, and the patient tests positive for the disease. However, the incidence of the disease is 1/10,000. The patient's actual risk of having the disease is 1%, because the population of healthy people is so much larger than the disease.
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).
Computers have far surpassed the best human chess players. Note that the ratings shown are for slow chess; the disparity between humans and engines widens in faster time controls, as human performance is more reliant on time.
The report also noted that their cheat-detection system had identified many other GMs as cheating, including a redacted list of 24 such GMs and their ratings at the time. On October 15, Chess.com released a "community update" addressing questions raised by their interim report and confirmed that they do not have any plans to release names of ...
"Double Bonus" video poker is a variation of Jacks or Better with a bonus payout for four aces. This variation offers up to a theoretical return of 100.2 percent, when played with perfect strategy — however, this % is only on a "10/7" version video poker game (10/7 being the payouts for a full house and a flush).