8 ms·
It's called Ion Saliu's paradox or The Fundamental Theory of Gambling. If you have an event with probability 1/n and repeat it n times, the probability of reali
by mihaifm 15y ago
It's called Ion Saliu's paradox or The Fundamental Theory of Gambling.
If you have an event with probability 1/n and repeat it n times, the probability of realizing the event at least once is is about 1-1/e = 0.63
(for high enough values of n).
His calculations were correct, showing that chance of failure was 37% and success 63%.
- Peaker 15y agoAnd also interesting to note that if you repeat n times, you will get on average 1 realization of the event (Sometimes 0, rarely n).