Re:Kelly Criterion
by antasvara on Friday April 16, 2021 @12:23PM
(#26835872)
The key here is that it's expected to land heads 60% of the time. Take a normal coin, which is expected to land heads 50% of the time. If you flip a heads, do you instantly expect it to be tails next time? By your logic it would be impossible to ever flip heads twice in a row. Coins as a general rule aren't impacted by previous flips.
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