NonSports Forum

Net54baseball.com
Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you write anything concerning a person or company your full name needs to be in your post or obtainable from it. . Contact the moderator at leon@net54baseball.com should you have any questions or concerns. When you click on links to eBay on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Enjoy!
Net54baseball.com
Net54baseball.com
ebay GSB
T206s on eBay
Babe Ruth Cards on eBay
t206 Ty Cobb on eBay
Ty Cobb Cards on eBay
Lou Gehrig Cards on eBay
Baseball T201-T217 on eBay
Baseball E90-E107 on eBay
T205 Cards on eBay
Baseball Postcards on eBay
Goudey Cards on eBay
Baseball Memorabilia on eBay
Baseball Exhibit Cards on eBay
Baseball Strip Cards on eBay
Baseball Baking Cards on eBay
Sporting News Cards on eBay
Play Ball Cards on eBay
Joe DiMaggio Cards on eBay
Mickey Mantle Cards on eBay
Bowman 1951-1955 on eBay
Football Cards on eBay

Go Back   Net54baseball.com Forums > Net54baseball Main Forum - WWII & Older Baseball Cards > Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #11  
Old 11-22-2021, 12:47 AM
Snowman Snowman is offline
Travis
Tra,vis Tr,ail - Banned
 
Join Date: Jul 2021
Posts: 2,446
Default

Quote:
Originally Posted by BobC View Post
Andrew,

Some very insightful points. In particular about the measure of "luck" in regards to BABIP. Kind of like predicting the outcome of flipping a coin and whether it lands heads or tails. That outcome is always a 50/50 probability. And so over time, and all other things constant and equal and assuming a sufficient sample size, anyone flipping coins would eventually expect to see them ending up with exactly half heads, and half tails. To me, I've always thought of this as kind of what is meant by "regressing to the mean", in this case ending up 50/50 on heads or tales. But what is interesting is say you start out flipping coins to test this, and everything being constant and nothing abnormal with the coin, the first 9 flips all come out tails. Now the absolute probabity of a head or a tail is still just 50/50 on that next, 10th flip, or is it? Since over a large enough sample size we expect the number of heads or tails to come up to regress to that expected mean of 50/50 for each of the two possible outcomes, if in starting out with getting tails 9 times in a row, you know you eventually have to start flipping heads, but the probability of each and every single flip is still always going to be just 50/50. So now you have somewhat of a paradox on what the actual probability of flipping a head or tail on all future attempts should be, at least it seems like one to me.
This is referred to as the "Gambler's Fallacy".

From Wikipedia - The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the incorrect belief that, if a particular event occurs more frequently than normal during the past, it is less likely to happen in the future (or vice versa), when it has otherwise been established that the probability of such events does not depend on what has happened in the past. Such events, having the quality of historical independence, are referred to as statistically independent. The fallacy is commonly associated with gambling, where it may be believed, for example, that the next dice roll is more than usually likely to be six because there have recently been fewer than the usual number of sixes.
Reply With Quote
 



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Lefty Grove = Lefty Groves... And Lefty's 1921 Tip Top Bread Card leftygrove10 Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 12 10-15-2019 01:55 AM
62 koufax ,59 mays,72 mays vg ends monday 8 est time sold ended rjackson44 Live Auctions - Only 2-3 open, per member, at once. 3 05-22-2017 06:00 PM
Final Poll!! Vote of the all time worst Topps produced set almostdone Postwar Baseball Cards Forum (Pre-1980) 22 07-28-2015 08:55 PM
Long Time Lurker. First time poster. Crazy to gamble on this Gehrig? wheels56 Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 17 05-17-2015 05:25 AM
It's the most wonderful time of the year. Cobb/Edwards auction time! iggyman Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 68 09-17-2013 01:42 AM


All times are GMT -6. The time now is 12:26 AM.


ebay GSB