“The important point is that complexity, and the non-ergodic nature of many of the systems we deal with can lead to extreme outcomes that we cannot predict.” — Richard Bookstaber
Just for fun…
“Now compare this to one person tossing a coin 100 times. On average, this person will get heads 50% of the time too.”
Turns out to be more complicated. https://www.newscientist.com/article/2397248-coin-flips-dont-truly-have-a-50-50-chance-of-being-heads-or-tails/#:~:text=Researchers%20who%20flipped%20coins%20350%2C757,per%20cent%20of%20the%20time.
Just for fun…
“Now compare this to one person tossing a coin 100 times. On average, this person will get heads 50% of the time too.”
Turns out to be more complicated. https://www.newscientist.com/article/2397248-coin-flips-dont-truly-have-a-50-50-chance-of-being-heads-or-tails/#:~:text=Researchers%20who%20flipped%20coins%20350%2C757,per%20cent%20of%20the%20time.