129: Victor Haghani – Optimal Bet Sizing—Lessons From a Biased Coin Flip Experiment
Chat With Traders
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Did People Pick Tails?
The coin would land on heads 60 % of the time. But still, people sometimes bet on tails. People feel that things that are random aren't random and there's predictability in random things. After a string of heads, like if there were four heads in a row, they would be more likely to bet ontails. It was like there were fourwe heads in a Row, ait's going to be tails next.
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