Transcript
Gazing into the Unknown
Will Kurt
The Fundamentals of Data Science
Rules:
You start with 1 dollar (use fingers to keep track)
If you have 0 dollars or less then you can’t play any more
I’ll flip a coin 5 times
Before each flip pick a side
If you are right you win $2
If you are wrong you lose $1
1
2
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4
5
?
http://bigdatapix.tumblr.com/
X = {-0.1,1.1}
Another game
0.9997 chance of losing a mere $0.1
0.0003 chance of winning $2000