Mathematically, to be either ahead or behind after two flips orĪfter 200 flips.Your hourly rate is also zero. Therefore, your mathematicalĮxpectation is precisely zero since you cannot expect, The odds of its coming up heads are 1to-1, and you’re betting $1-to-$1. Each time it comes up heads, you win each time itĬomes up tails, you lose. Let’s say you are betting a friend $1, even money, on the flip Mathematical expectation is the amount a bet will average These are my notes which I intend to go back to later. It is not a complete summary of the book. Later I turn those highlights into a blogpost. Note: While reading a book whenever I come across something interesting, I highlight it on my Kindle.
