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Started by Gizmotron, June 19, 2018, 01:08:47 PM
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Quote from: Mike on June 19, 2018, 08:06:36 AM... math by itself only gives you answers relative to your assumptions. If you haven't looked at the process which generates the data then no amount of manipulation of the data will tell you about causes and effects, ie, reality. Most systems on gambling forums only look at the data generated from the games, they don't look at the underlying process which generated it; that's the mistake.
QuoteThe clustering illusion is the tendency to erroneously consider the inevitable "streaks" or "clusters" arising in small samples from random distributions to be non-random. The illusion is caused by a human tendency to under predict the amount of variability likely to appear in a small sample of random or semi-random data.