Tag - law of large numbers
Las Vegas Life Lessons With Starbucks
For a few years now I’ve been reading the back of Starbucks cups… you know the ones – “The Way I See It #123″ or whatever, right? Well, usually I find myself going, “uhm, okay..” Tonight I finally got one that I thought was interesting.. There has to be a Las Vegas Life Lesson in here somewhere:
The Way I See It #112
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7/7/7 – It’s Your Lucky Day! – Thousands Marry in Las Vegas
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Okay, it’s true: I don’t believe in luck. Big time superstitions – even small, insidious ones – can be the undoing of any gambler, but mostly, I have always been big on mathematics and science and not so much on defying the inevitable. The law of large numbers is on your side, so long as you’re gambling with an edge. I’ve seen that principle in practice so many times, if I have a “belief,” it’s in the math.
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