News for hackers. Stuff that matters.

A comment on How to gamble if you must – the mathematics of optimal stopping. Parent comment

Re:How to gamble if you must – the mathematics of optimal st... by Someone on Sunday June 22, 2014 @06:06AM (#7927412)
What is there to take issue with, given that the article states:

"Of course if the number writer knows this Gaussian strategy, he can make your winnings as close to ½ as he wants by writing numbers that are very close."

It would be very close to ½, but still larger than ½.

[ Parent | on HN ]
Re:How to gamble if you must – the mathematics of optimal st... by chacham15 on Sunday June 22, 2014 @01:25PM (#7928509)
Because that statement is backwards. It is not the case that the number writer needs to know about the gaussian distribution, but the other way around. The guesser needs knowledge of the types of numbers that the number writer is choosing in order to create the gaussian distribution.
[ Parent | on HN ]