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Interesting thing is that when people are faced with a very rare poker hand, e.g. a royal flush, they go "OMG, what's the probability of that happening", withou
by Jun8 15y ago
Interesting thing is that when people are faced with a very rare poker hand, e.g. a royal flush, they go "OMG, what's the probability of that happening", without thinking about the fact that any hand they are dealt has a similar low probability, e.g. there are 1,302,540 no pair hands (http://en.wikipedia.org/wiki/Poker_probability http://en.wikipedia.org/wiki/Poker_probability), so the probability of your uninteresting, stupid hand being dealt is 1 in 1.3 million!
It is us who give meaning to probabilities and deem some events as interesting and others not.
- tansey 15y agoBut people think that way because of the utility of the hand. Worthless hands are abstracted into the same category (junk) because they all have about the same value. A royal flush, however, has by definition a guaranteed value with no risk involved. You cannot lose with a royal flush, thus the variance is 0, which is the rarest of all things at a poker table.