Someone mentioned this and asked if I could explain it. I don't see much point in doing this when there are so many good articles elsewhere, but I will write up a post later explaining how and why it could be used in playing roulette (and why it isn't relevant for many purposes).
The best article on Bayes is very good, but it's a long read:
link:://yudkowsky.net/rational/bayes (link:://yudkowsky.net/rational/bayes)
You might prefer to start with this one, which is a lot shorter but still easy to follow:
link:://:.vu.union.edu/~coulombj/Articles/SCIENCE-TECHNOLOGY/Bayesian%20statistics%20for%20dummies/index.html (link:://:.vu.union.edu/~coulombj/Articles/SCIENCE-TECHNOLOGY/Bayesian%20statistics%20for%20dummies/index.html)
Hello Bayes,
I had a question about streets. On average, after how many spins does a street repeat back to back? Might you have any info or data.
Would be great if I can hear from