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  2. Coin flipping - Wikipedia

    en.wikipedia.org/wiki/Coin_flipping

    Coin flipping, coin tossing, or heads or tails is the practice of throwing a coin in the air and checking which side is showing when it lands, in order to randomly choose between two alternatives. It is a form of sortition which inherently has two possible outcomes.

  3. Flipping Rare Coins: A Profitable Side Hustle for Coin ... - AOL

    www.aol.com/finance/flipping-rare-coins...

    Nothing says you are rich in a cartoon quite like having a bag of gold coins. However, if you want to turn this animated fantasy of riches into reality, you might have to go digging through your ...

  4. Commitment scheme - Wikipedia

    en.wikipedia.org/wiki/Commitment_scheme

    Commitment schemes have important applications in a number of cryptographic protocols including secure coin flipping, zero-knowledge proofs, and secure computation. A way to visualize a commitment scheme is to think of a sender as putting a message in a locked box, and giving the box to a receiver.

  5. Checking whether a coin is fair - Wikipedia

    en.wikipedia.org/wiki/Checking_whether_a_coin_is...

    Determining the sex ratio in a large group of an animal species. Provided that a small random sample (i.e. small in comparison with the total population) is taken when performing the random sampling of the population, the analysis is similar to determining the probability of obtaining heads in a coin toss.

  6. Gambler's fallacy - Wikipedia

    en.wikipedia.org/wiki/Gambler's_fallacy

    When flipping a fair coin 21 times, the outcome is equally likely to be 21 heads as 20 heads and then 1 tail. These two outcomes are equally as likely as any of the other combinations that can be obtained from 21 flips of a coin. All of the 21-flip combinations will have probabilities equal to 0.5 21, or 1 in 2,097,152. Assuming that a change ...

  7. St. Petersburg paradox - Wikipedia

    en.wikipedia.org/wiki/St._Petersburg_paradox

    The St. Petersburg paradox or St. Petersburg lottery [1] is a paradox involving the game of flipping a coin where the expected payoff of the lottery game is infinite but nevertheless seems to be worth only a very small amount to the participants. The St. Petersburg paradox is a situation where a naïve decision criterion that takes only the ...

  8. Quantum coin flipping - Wikipedia

    en.wikipedia.org/wiki/Quantum_coin_flipping

    The problem of them agreeing on a random bit by exchanging messages over this channel, without relying on any trusted third party, is called the coin flipping problem in cryptography. [1] Quantum coin flipping uses the principles of quantum mechanics to encrypt messages for secure communication.

  9. Flipism - Wikipedia

    en.wikipedia.org/wiki/Flipism

    Coin flipping – Practice of throwing a coin in the air to choose between two alternatives; Magic 8 Ball – Toy fortune telling device; Nash equilibrium – Solution concept of a non-cooperative game; PP (complexity) – Class of problems in computer science; Ukehi – Ancient Japanese ritual using a random outcome to divine a path of action