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by joezydeco
4547 days ago
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Probability is a fact about you, not a fact about the coin. Huh? It's a coin. You flip it. It has no knowledge of the past and no idea about the future. It lands and it's either heads 50% of the time and tails 50% of the time. It's all about the coin and nothing about what you've observed in the last N trials. That's the simple logic that the OP is trying to see if you understand. |
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Explaining the bit you quoted: if you had perfect knowledge of the wind conditions, how hard the person flipped the coin, and so on, you would know precisely which side it would land on. That fact is determined. It's just because you are missing information that there's 50% probability of heads (for an unbiased coin). The probability comes out of your imperfect knowledge, and changes depending on your knowledge: for example, if you have some reason to believe the coin is biased, then you no longer think it's going to land on heads 50% of the time. Since one of the coins is biased, getting a long string of heads is reason to think that the coin they drew and are flipping is the biased coin. This information affects the probability you assign to the coin coming up heads.