Is probability logical?

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Reconstructo
 
Reply Mon 10 May, 2010 03:53 pm
@HexHammer,
HexHammer;137170 wrote:
?
Then it wouldn't be random.

:poke-eye:


What do we really mean by random? I think that's an interesting issue. Randomness is information that cannot be further condensed?
 
HexHammer
 
Reply Tue 11 May, 2010 01:10 am
@Reconstructo,
Reconstructo;162515 wrote:
What do we really mean by random? I think that's an interesting issue. Randomness is information that cannot be further condensed?
If you look at insurance companies, they can predict with a very high probability of outcome, but not excat outcome.
 
Reconstructo
 
Reply Tue 11 May, 2010 01:21 am
@HexHammer,
HexHammer;162780 wrote:
If you look at insurance companies, they can predict with a very high probability of outcome, but not excat outcome.


I agree. They can predict on a large scale, but not so much on a small scale. Just as you can predict the percentage of heads and tails in 1000 throws much more accurately than of 10 throws. Generally speaking.
 
 

 
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