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  2. Coin flipping - Wikipedia

    en.wikipedia.org/wiki/Coin_flipping

    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 lands wins.

  3. Penney's game - Wikipedia

    en.wikipedia.org/wiki/Penney's_game

    Penney's game. Penney's game, named after its inventor Walter Penney, is a binary (head/tail) sequence generating game between two players. Player A selects a sequence of heads and tails (of length 3 or larger), and shows this sequence to player B. Player B then selects another sequence of heads and tails of the same length.

  4. Matching pennies - Wikipedia

    en.wikipedia.org/wiki/Matching_pennies

    Tails. −1, +1. +1, −1. Matching pennies. Matching pennies is a non-cooperative game studied in game theory. It is played between two players, Even and Odd. Each player has a penny and must secretly turn the penny to heads or tails. The players then reveal their choices simultaneously. If the pennies match (both heads or both tails), then ...

  5. St. Petersburg paradox - Wikipedia

    en.wikipedia.org/wiki/St._Petersburg_paradox

    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 ...

  6. Two-up - Wikipedia

    en.wikipedia.org/wiki/Two-up

    Two-up is a traditional Australian gambling game, involving a designated "spinner" throwing two coins, usually Australian pennies, into the air. Players bet on whether the coins will both fall with heads (obverse) up, both with tails (reverse) up, or with a head and one a tail (known as "Ewan").

  7. Heads and Tails (card game) - Wikipedia

    en.wikipedia.org/wiki/Heads_and_Tails_(card_game)

    Rules. First, a row of eight cards are dealt; this is the "Heads" row. Then 8 piles of 11 cards are dealt; this is reserve. Below them is another row of eight cards, the "Tails" row. The object of the game is to free one Ace and one King of each suit and build each of them by suit; the Aces are built up to Kings while the Kings are built down ...

  8. Gambler's fallacy - Wikipedia

    en.wikipedia.org/wiki/Gambler's_fallacy

    If a fair coin is flipped 21 times, the probability of 21 heads is 1 in 2,097,152. The probability of flipping a head after having already flipped 20 heads in a row is ⁠ 1 / 2 ⁠. Assuming a fair coin: The probability of 20 heads, then 1 tail is 0.5 20 × 0.5 = 0.5 21; The probability of 20 heads, then 1 head is 0.5 20 × 0.5 = 0.5 21

  9. Obverse and reverse - Wikipedia

    en.wikipedia.org/wiki/Obverse_and_reverse

    The obverse and reverse are the two flat faces of coins and some other two-sided objects, including paper money, flags, seals, medals, drawings, old master prints and other works of art, and printed fabrics. In this usage, obverse means the front face of the object and reverse means the back face. The obverse of a coin is commonly called heads ...