Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

Harry Lime · 03-09-2015, 10:23 PM

If you were given the option to pay 45 cents to predict the outcome of a coin flip, and if correct in your prediction you win a dollar, you may lose 45 cents on the first try. You may even lose 90 cents after the second try. But if you keep betting, you'll end up ahead in the long term. This is the value of analytics. They do not describe destiny, only the likeliest result.

So if the company giving you the option had an Analyst, you would not be given the 45cent option, and the two Analysts would cancel each other out. If two Analysts were put in a room together, and the room was locked from the outside, is there a dead cat inside?

03-09-2015, 10:23 PM	#88
Harry Lime Franchise Player Join Date: Feb 2014 Exp:	If you were given the option to pay 45 cents to predict the outcome of a coin flip, and if correct in your prediction you win a dollar, you may lose 45 cents on the first try. You may even lose 90 cents after the second try. But if you keep betting, you'll end up ahead in the long term. This is the value of analytics. They do not describe destiny, only the likeliest result. So if the company giving you the option had an Analyst, you would not be given the 45cent option, and the two Analysts would cancel each other out. If two Analysts were put in a room together, and the room was locked from the outside, is there a dead cat inside? __________________ "By Grabthar's hammer ... what a savings."