I take it you don't gamble Starkey...Starkey7 wrote:Interesting...
Can you state the so-called Law Of Averages please?
I think Phil misspoke, but the rest of his argument was well made. One small error at the end, where he has made a mistake that most people make. I think he can be forgiven, don't you?
Phil, the law of averages is something you would do best to ignore, especially if you are gambler! If I was to flip a fair coin ten times, and the outcome was heads every time, most people would conclude that the coin is most likely to yield tails at the next throw. This would be incorrect - there is a 50% chance that the coin will yield tails, and a 50% chance the coin will yield heads. The belief that this coin is more likely to yield tails on the next throw is known as the law of averages. It is the false belief that there should be a correcting factor.
It is true that the proportion of tails will approach 50% as total coin tosses increase. This is the law of large numbers, and differs from the law of averages. Toss the coin 100 times and you may get heads 60% of the time (60 heads). Toss the coin 1000 times and you may end up with heads 55% of the time (550 heads). Yes, you are approaching 50%. However, the difference between the absolute number of heads and the mean value has increased from 10 to 50. If you had placed a bet on tails for every flip, you would be further out of pocket after 1000 throws, even though the proportion of tails being thrown is approaching 50%.
When it comes to tube challenging, there is no reason why a higher standard should be reached with more participants. It is quite possible that there are a few extremely good tube challengers, and the rest of us are awful. There might only be one superb tube challenger, or all of us could be amazing.
I believe what Phil meant to say was that the experiences gained and shared on this forum, and actually tube challenging with others on this forum, have raised the standard as people have learned more from each other. Newcomers may have brought a new perspective to aspects of the challenge, and this has been mixed together with the experience of people who've been doing it for ages. I suppose it could be compared with the genetic algorithms in Hakan's programs.
