Quote:
Originally Posted by fuffalo
I believe your signature is an attempt to explain to people who want to say "See! This goes against statistics, so statistics are wrong!". The problem is, your example does the exact same thing you're trying to dismiss.
If you assume that because you're alive a finite time then you can only bet a finite number of times. You will not "end up ahead in the long term". This is false, and not what statistics are suggesting. Statistics are suggesting that you are most likely to come out ahead. Because you aren't betting an infinite number of times you could still indeed come out losing money.
I'm sure you understand this, it just bugged me a bit when I read it.
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...and we JUST got him to stop talking about advanced stats.
