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Someone who knows more about probability say more. Is expectation the right thing to talk about here? I never heard it said explicitly, but if you're talking ab
by thenoblesunfish 4y ago
Someone who knows more about probability say more. Is expectation the right thing to talk about here? I never heard it said explicitly, but if you're talking about expectation, there's some underlying idea that you're going to do the thing many times and add/average the results, right?
- constantcrying 4y agoExactly. That is the frequentist interpretation of probability. In this case it is easy to calculate. Probability to win x Money gained + Probability to loose x money lost.