Topic > Taking Risk - 551

Risk Have you ever laid eyes on the last slice of chocolate cake, but noticed that your friend did too, or wanted to sit in the front seat, but was facing your little brother or sister arguing? At one time or another, everyone has encountered some form of disagreement or misunderstanding that was resolved with a simple solution, the flip of a coin. But how to decide which side of the coin to choose? With that slice of the pie calling your name, it would be very helpful to know if the coin is biased to end up on a particular side before making your decision. One cannot overthink the choice, since it is commonly believed that there is a 50/50 chance when it comes to flipping a coin, however, this old adage may actually be a decades-old misconception. A group of Stanford graduate students decided they would approach this problem not with logic, but with science, and they made over 1,000 coin flips to see what they could find. What are the possibilities? So the question arises, if I were to flip a coin, flipped by hand, 100 times, does that mean it would be him...