2 bits.

Аh.

Whee, candy and pennies!

We haven't used all the nickels.

Give me a quarter.

Can you imagine tossing a coin successively?

First, let's consider the coin flips.

Cough up some change. Come on, folks.

I'm not even going to match pennies.

I don't have a single penny on me!

Do you have a telephone token?

I'm sorry. I have no more coins.

Henceforth, when you're sent for food, don't stoop to pick up pennies.

Bitcoins are digital coins you can send through the Internet.

Here's one that's in prototyping by Medtronic that's smaller than a penny.

So, fundamentally, the slot machine is no different then just flipping a coin.

The master took the coins and ordered the driver to throw the cock in the basement .

So, on this side, you get out your coins, and you toss and toss and toss.

But either way, you don't want your decision to be like flipping a coin.

So we got brand new ones, shiny ones, medium ones, and very old, dark ones.

Perhaps another coin for my holy man who awaits with an empty belly.

At 80 20, it's a coin flip whether you accept that or not.

And they do that here, and that knocks the coins down the slot, and when that happens, they get a peanut.

Thanks to us, you'll put time in your pocket and get it out one piece at a time like small change.

And then they leave, and the machine spits up more coins and peanuts, and life is really dandy, if you're a crow.

And then they leave, and the machine spits up more coins and peanuts, and life is really dandy, if you're a crow.

The first bit corresponds to the outcome of the first flip and the second bit corresponds to the outcome of the second flip And of course there are four possible outcomes.

Calculating odds would seem to be something rather easy there are six sides to a die, two sides to a coin, 52 cards in a deck.

Because you don't want your player journey to be just a random walk, because you don't know where the player's going to get.

I got tokens, my business card, fun passes, and prizes.

Imagine this half of the audience each get out coins, and they toss them until they first see the pattern head tail tail.

And the way to see that intuitively, is to realize that choosing r uniformly, from the set of four elements is basically the same as flipping a coin

For a coin that's flipped 10,000 times with 4,950 of those flips resulting in heads, what is the 90 confidence interval for the probability of the coin landing on heads?

Basically, what happens is that we put this out in a field, or someplace where there's lots of crows, and we put coins and peanuts all around the base of the machine.

Now when Shelling ran his model he did it on, using paper and pencil on an airplane actually, and he wrote out a big checkerboard and he just used, I think, nickels and pennies to represent the different income groups.

Here's an example if I were to tell you, let's play a little coin toss game, and I'm going to flip a coin, and if it comes up heads, I'm going to pay you 10 dollars, but you have to pay four dollars for the privilege of playing with me, most of you would say, sure, I'll take that bet.