Tuesday, April 20, 2010

Luck vs Probability by: Alexander Phengsakmueang


Luck vs. Probability

by: Alexander Phengsakmueang (Click here to see the entire blog)

They say there is no such thing as luck. All outcomes are based on a thing called chance or probability.For example, they say there is a fifty percent chance that you will land heads with a quarter. There is a 0.19230769230769230769230769230769 percent chance that you will draw an queen of hearts from a standard deck of playing cards. And this is the simple version. All of these statistics exist, whether you know them or not. All these little facts come together to create a 100 percent chance of something to happen, we just don't know what outcome that belongs to.

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