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  2. 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

  3. Coin flipping - Wikipedia

    en.wikipedia.org/wiki/Coin_flipping

    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 ...

  4. Checking whether a coin is fair - Wikipedia

    en.wikipedia.org/wiki/Checking_whether_a_coin_is...

    The symbols H and T represent more generalised variables expressing the numbers of heads and tails respectively that might have been observed in the experiment. Thus N = H + T = h + t. Next, let r be the actual probability of obtaining heads in a single toss of the coin. This is the property of the coin which is being investigated.

  5. Fair coin - Wikipedia

    en.wikipedia.org/wiki/Fair_coin

    Fair coin. A fair coin, when tossed, should have an equal chance of landing either side up. In probability theory and statistics, a sequence of independent Bernoulli trials with probability 1/2 of success on each trial is metaphorically called a fair coin. One for which the probability is not 1/2 is called a biased or unfair coin.

  6. St. Petersburg paradox - Wikipedia

    en.wikipedia.org/wiki/St._Petersburg_paradox

    The initial stake begins at 2 dollars and is doubled every time tails appears. The first time heads appears, the game ends and the player wins whatever is the current stake. Thus the player wins 2 dollars if heads appears on the first toss, 4 dollars if tails appears on the first toss and heads on the second, 8 dollars if tails appears on the ...

  7. Sleeping Beauty problem - Wikipedia

    en.wikipedia.org/wiki/Sleeping_Beauty_problem

    Sleeping Beauty problem. The Sleeping Beauty problem, also known as the Sleeping Beauty paradox, [1] is a puzzle in decision theory in which an ideally rational epistemic agent is told she will be awoken from sleep either once or twice according to the toss of a coin. Each time she will have no memory of whether she has been awoken before, and ...

  8. Law of large numbers - Wikipedia

    en.wikipedia.org/wiki/Law_of_large_numbers

    For example, a fair coin toss is a Bernoulli trial. When a fair coin is flipped once, the theoretical probability that the outcome will be heads is equal to 1 ⁄ 2. Therefore, according to the law of large numbers, the proportion of heads in a "large" number of coin flips "should be" roughly 1 ⁄ 2.

  9. Probability theory - Wikipedia

    en.wikipedia.org/wiki/Probability_theory

    Common intuition suggests that if a fair coin is tossed many times, then roughly half of the time it will turn up heads, and the other half it will turn up tails. Furthermore, the more often the coin is tossed, the more likely it should be that the ratio of the number of heads to the number of tails will approach unity.