| > I already said the coin is known to be fair. The coin can be assumed to be fair before the flips, but after the flips we have no mathematical reason to believe that the coin is fair, as our results heavily suggest that it quite simply isn’t fair. However, for the purposes of discussion, assuming an ideal coin, the probability of 500 same flips in a row is so statistically unlikely that fairness of the flipping process and/or flipper must then be called into question. Even if the coin, flipping process, and flipper are all ideal (which wasn’t stated, but we will also assume for the sake of argument that we have ideal immovable goalposts), the likelihood of the 500-in-row event is so improbable as to be unreasonable to use as an example or even a metaphor, because it doesn’t have much predictive power in a conversation, as ideal coins don’t exist any more than ideal coin flippers. Even a coin designed to be fair would be fairly deemed defective after so many same-side flips, and any reasonable gambler would demand that the coin be replaced with another; at that point an argument could reasonably be made to also change the coin flipper and/or the venue. |