舞会小说网

Chapter 5 Making sense of probabilities(第1页)

天才一秒记住【舞会小说网】地址:https://www.whwtrl.com

Chapter5Makingsenseofprobabilities

banner"

>

Iwillsuggesthowprobabilityideashelpinmakingdethefaty,andalsodescribeceswheremisuandingsarise.

Odds?

&probabilitiesbeexpressedintermsofodds,andviceversa:aprobabilityof15isthesameasoddsof4to1against.Uerm‘odds’hasalsobeehegamblinguhingquitedifferehebookieswillpayifyourselectedhorsewins.SowheSeaTheStarswonthe2009Derbyatoddsof11to4,thatsimplymeansthatforeach£4stakedoheprofit,becauseitwon,is£11.Thefigures‘11to4’havenoautomatishipwiththeprobabilityofwinning.Theydependonthebookies’subjectiveassessmentsofthehorse’sublershavestaked.Theterm‘payoutprice’isamoreaccurateuseoflahesefigureslike11to4,but,regrettably,wehavetoaccepttheonusageof‘odds’inthisgambli.

Apayoutpriceistermed fairifitgivesaryadvaherparty,i.e.themeahegambleiszero.Thefairpayoutpriceforcorrectlypigthesuitofacardseleawell-shuffleddeckis3to1,asthosearetheexactoddsagainstacuess.

ercialgamblesarenotfair,iheyeveroperatewithoutahouseadvantage.ForrouletteinaUKo,whenall37outesareequallylikely,thepayoutpricefonasinglenumberisonly35to1,o1thatwouldbefair.Sothe meaurof£37is£36,giviage–thepertageofaexpe–of137,about2.7%.

Thisadvahesameformostoftheavailablebetsiheryonpairsofriples,groupsoffour,orsix,ortwelve,forevery£37youstake,yourmeaurnisalways£36.Butihestandardhouseadvantageisbigger,becauseofanadditionalslot,d38outes–withthesamepayoutpritheUK.Themeaurnon$38isgenerally$36,ahouseadvantageof238,or5.3%.

AdifferentwaytobetonhorseracesisthroughaToteorpari-mutuelsysteHere,themoonallthehorsesispooled,aion–80%orsoison–issharedamongthosewhobackedthewinner,iioakes.TheToteadvahen20%,whicheverhorsewins.

Thesizeofthebookies’advantageinahorseradsonwhichhorsehappenstowin.Althoughbookiesmaymakealossorprofitonanysidatatellasstory:atapayoutpriceof6to4on,puntersshouldexpecttoloseabout10%oftheirstake;atapriceof5to1,expecttoloseabout13%;at10to1themeanlossfigureisover23%,andifyouspehorsespricedat50to1,expecttoloseabouttwo-thirdsofyourmoney.

Thisphenomenonisknowe-longshotbias.Puheirmoney moreslowlyfrombetsonthemorefavouredhorsestharactedbylargepayoutpriakersweredelightedwheheGrandNationalin2009atapriceof100to1.

Absoluterisk,orrelativerisk?

Supposethat,amroupofpeople,theceofdevelopialceroverthefiveyearsisquotedasohousaabouttenamong10,000peopletodeveloptheewdrugwouldreducetheeintwothousand:thenonlyaboutfiveamong10,000wouldsuccumbifthenewdrugisused.Thedrugpanycouldheadlispressrelease‘Riskofcercutby50%’.Andthatisaccurate:forea,theriskwouldbehalved.

Thisapproachdescribesa redurelativerisk,aicizedasputtingtoofavourableaioa.For,supposetheinitialriskhadbeeenmillion:gitby50%leadstoanewriskofoymillion,butiaheriskissosmallthatamong10,000people,wewouldexpectprettymuchthesamenumberofcases–zero.Despitetheriskbeihedrugwouldhardlyevermakeadifference.

Butsupposemembersofthisgrouphadamuchhigherce,say40%,ofdevelopingthecer.Adrugredugtheceto20%wouldqualifyforthesameheadline,andwouldcorrectlybehailedasamajh,asamong10,000people,fully2,000fewerwoulddevelopthecer.

&hanfotherelativerisk,itisusuallymfultolookattheabsoluterisk.Icaseabove,theabsesfrom0.1%to0.05%,sothedropis0.05%;inthesedcase,thedropisaminuscule0.000005%,whilewiththefihedropisanimpressive20%.

Aseoproceedistostatethemeaientswhoshouldtakethedrugiopreventohedisease–thereat,orhebetter,andthisthereciprocaloftheabsoluterisk.Intheexamplesabove,therespeTsaretwothousaymillion,andfive.

&wentymillioopreventonecaseofadiseaseishardtojustify.TheNNT,alongwithkreatmentdtheseverityoftheimpactofthedisease,allowsustomakesensibledesaboutalloghealthcareresources.

biningtinyprobabilities

Howlikelyisitthatatleastoneamonganenormousnumberofevents,eagatinyprobability,willoccur?Thisbethepertiionwheheprobabilityofaplexsystemsormaerymayfailifanyoneofamyriadofposfails;willtwoaircraftightanuclearpowerstatiodown?Theso-calledBorel-telliLemmasgivesomepoihematicalresultsshowthat,inmanyces,thekeyquantityisthe sumofallthosetinyprobabilities:ifitgrowswithoutbound,catastropheis.

Oneceisthatweeverbesatisfiedwithtsafetystandards.Itisessentialtouetomakeimprovements.

For,nhourstandards,thereissomenon-zeroprobabilityah:ahisvalue,ifitremainsunged(oreveooslowly)thesumovermanymonthswillgrowielylarge,anddisasterwilloe.

Asrammeofualimprovemeguaradisasterwillbeaverted:buttobeeversatisfiedwiththestatusquoistoinvitedoo

Somemisuandings

(a)Whenadoctortellsapatientthatthereisa30%cethataparticularmedileasas,hemeasabout30%ofpatientstosuffer.However,thepatiehattheseeffectswillariseonabout30%oftheosonwhichshetakesthedrug.Thedoctoristhinkingaboutallthepatiehepatientaboutallthetimesshetakespills–theirreferenceclassesaredifferent.

(b)Howdoesthepubliterprettheclaim‘Thereisa30%inorrow’fromaTVweatherforecaster?Theforecastersexpecttheiraudieomakeafrequeio,inthelongrun,rainwouldfalldayon30%oftheoswhehersweresimilartothosenowseen.

Butwheiohosevieerehappywiththephrase‘a30%ce’,therereadofbeliefs.Somefeltthattheywerebeingtoldthatrainwouldfallover30%ofthecity’sarea;othersthatitwouldraininChicagofor30%oftheday;ahat30%istsexpectedittoraithatitwoulddefinitelyrain,withthe30%figureindigtheraihereweremanymismatchesbetweeheforecasterswerereferringto,aviewerswerethinkingabout.

(c)Ifasfewastwenty-threepeopleatraher,itismorelikelythannotthattwoofthemshareabirthday.Whehisfactforthefirsttime,theyarenormallysurprised,butusuallybeeprshowsthisclaimtobetrue.However,aminorityremainunced,becausetheymistakenlythinktheyhavebeentoldthat,iftheyawathertogether,itismorelikelythannotthatohersshares theirbirthday.Listencarefully!

(d)Supposethata,acceptedasfair,showsTailsoivetosses.SomewillclaimthattheossisalmosttobeHeads,perhapsbyinvokingsome‘Lawes’thatrequiresHeadstoeatintothisexcessofTailsimmediately.NosuchLawexists.TheLaweNumbersdoesimplyequalproportioails,butonlyinthelongrun:anysequeneTailsisdilutedbythethousandsoftossesbeforeandafter.

本章未完,请点击下一章继续阅读!若浏览器显示没有新章节了,请尝试点击右上角↗️或右下角↘️的菜单,退出阅读模式即可,谢谢!

如遇章节错误,请点击报错(无需登陆)

新书推荐

明谋天下超级全能系统地表最强佣兵铁血强国末日丧尸女王大周仙吏三国之单身狗怒开无双权宠下堂妃:神医狂妻很嚣张天朝仙吏弟弟荒天帝也重生了造化图迷雾末世:创造无尽超凡文明神级天才我靠赚差价暴富了梦回大明春陵虚血途九重至尊天丑妃逆袭:王爷又被踹下床世嫁衡华太古神墓掌门人不高兴剑道独尊夜的命名术女明星的贴身保镖