lukestein’s avatarlukestein’s Twitter Archive—№ 938

  1. In honor of tomorrow’s FRA conference, today I learned the “Craps principle.” (Does everyone already know this??) If E1 and E2 are mutually exclusive outcomes of each of repeated IID trials, the probability that E1 occurs BEFORE E2 is just P[E1] / (P[E1] + P[E2]) Duh, but 🤯.
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