https://www.lotterypost.com/thread/341966 Lottery Post Forum Topic: Are you smarter than a finance major? en-us Lottery Post RSS Generator https://www.lotterypost.com/thread/341966/7031538 https://www.lotterypost.com/thread/341966/7031538 Sat, 13 Aug 2022 00:13:06 GMT db101 Either the Economist or the WSJ did a writeup of this some years back. It's an interesting experiment. I wonder what the results would have been if the participants were drawn from different occupations or areas of study. Also if some people get unlucky and their computer flips heads only 55% of the time instead of 60%, then even with theoretically optimal play they will not end up with much at the end.

]]> db101 https://www.lotterypost.com/thread/341966 https://www.lotterypost.com/thread/341966 Wed, 10 Aug 2022 03:43:39 GMT cottoneyedjoe https://arxiv.org/pdf/1701.01427.pdf

You re invited to a talk by a hedge fund manager who was a partner at a fund that famously flopped about twenty years ago. You turn up, hoping to hear some valuable insights, or at least some entertaining tales, but instead you are offered a stake of $25 to take out your laptop to bet on the flip of a coin for thirty minutes. You re told the coin is biased to come up heads with a 60% probability, and you can bet as much as you like on heads or tails on ea... [ More ]

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