Name: Anonymous 2005-09-15 3:03
Say there is a card game with 2 cards X and Y. The rules say you must only flip over one card. There is a 99% chance that flipping over X will win you the game. The game is played once.
The question I would like to ask is, "How much does confidence affect the outcome of a one-time random event?"
Given that there is a 99% chance to win by flipping over X, it would seem sensible to flip that card. However, what does it mean to have a 99% chance (or any other chance) to win in a one-time event? There are only have two outcomes: win or lose.
The question I would like to ask is, "How much does confidence affect the outcome of a one-time random event?"
Given that there is a 99% chance to win by flipping over X, it would seem sensible to flip that card. However, what does it mean to have a 99% chance (or any other chance) to win in a one-time event? There are only have two outcomes: win or lose.