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Fooled By Randomness
Please check out this book/concept.
If a six-sided fair die is thrown 60 times, except for ties, one number will have been thrown the most often. Let say the number "4" was thrown 9 times and 9 times is the greatest number of times thrown of all the numbers "1" through "6".
For the next 60 throws, would you expect the number of "4"s that appear to be: (1) less than 6 because now numbers other than "4" are due; (2) 6 times because that would be the expected value for a fair die; or (3) more than 6 because, even though the die is fair, "4" has been thrown more than its fair share thus far?
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"God hath written the language of the Universe in Mathematics" - Galileo
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