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Martingale (betting system) A martingale is a class of betting strategies that originated from and were popular in 18th-century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses if it comes up tails. The strategy had the gambler double the bet after every loss ...
Monty Hall problem. In search of a new car, the player chooses a door, say 1. The game host then opens one of the other doors, say 3, to reveal a goat and offers to let the player switch from door 1 to door 2. The Monty Hall problem is a brain teaser, in the form of a probability puzzle, based nominally on the American television game show Let ...
Secretary problem. Graphs of probabilities of getting the best candidate (red circles) from n applications, and k / n (blue crosses) where k is the sample size. The secretary problem demonstrates a scenario involving optimal stopping theory [1][2] that is studied extensively in the fields of applied probability, statistics, and decision theory.
Republican Lt. Gov. Mark Robinson only has one decent option now: Quit the race for governor. But despite a damning CNN report Thursday on his shocking internet postings from years ago, Robinson ...
Hobson's choice. A Hobson's choice is a free choice in which only one thing is actually offered. The term is often used to describe an illusion that multiple choices are available. The best known Hobson's choice is "I'll give you a choice: take it or leave it", wherein "leaving it" is strongly undesirable. The phrase is said to have originated ...
These options often pay interest rates slightly above savings rates, but they come with the caveat that if you withdraw your money before they mature, you may get hit with an early withdrawal penalty.
In philosophy and mathematics, Newcomb's paradox, also known as Newcomb's problem, is a thought experiment involving a game between two players, one of whom is able to predict the future. Newcomb's paradox was created by William Newcomb of the University of California 's Lawrence Livermore Laboratory. However, it was first analyzed in a ...
Puli. At first glance, Pulis might not look hypoallergenic, thanks to all that fur. But don't worry, it won't end up all over your house because they don't really shed.