4 ms·
The probability of heads coming up 10 times in a row is a 1/1024 chance
by blantonl 6y ago
The probability of heads coming up 10 times in a row is a 1/1024 chance
- natrik 6y agoSo 1 in every thousand retail investors succeeds 10 times in a row. A lot more than a thousand retail investors out there.
- ncallaway 6y agoYes, exactly. So if we had a game where 1 million people flipped a coin 10 times coins, we'd expect nearly 1,000 to get heads on every flip.
- summitsummit 6y agowhich is absurdly high of a percentage to have people think they are skilled when they are lucky. if there are 10 million robinhood "traders" doing their tenth big trade today, then 9,765 of them could make a fortune by luck and think they are geniuses.