Difference between revisions of "Talk:Expected value"

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(Video to demonstrate how to NOT think about expected value: new section)
(Perhaps the example should include probabilities: new section)
 
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George Gervin (NBA Legend) says that the 3-point shot is the worst shot in basketball. His argument is basically that 3-point percentages are almost always lower than 2-point percentages. He seems to not give any weight to the fact that 3-point shots provide you with one extra point...
 
George Gervin (NBA Legend) says that the 3-point shot is the worst shot in basketball. His argument is basically that 3-point percentages are almost always lower than 2-point percentages. He seems to not give any weight to the fact that 3-point shots provide you with one extra point...
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== Perhaps the example should include probabilities ==
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The example with the 6-sided die doesn't explicitly show how probabilities are part of the calculation. Perhaps the example should do this.

Latest revision as of 17:18, 14 February 2015

Anyone objects to deleting this page? There seems to be no significance to it, it's even not linked from anywhere. --Vladimir Nesov 23:03, 8 July 2009 (UTC)

Video to demonstrate how to NOT think about expected value

http://youtu.be/kuXIpxoMYtc?t=20s

George Gervin (NBA Legend) says that the 3-point shot is the worst shot in basketball. His argument is basically that 3-point percentages are almost always lower than 2-point percentages. He seems to not give any weight to the fact that 3-point shots provide you with one extra point...

Perhaps the example should include probabilities

The example with the 6-sided die doesn't explicitly show how probabilities are part of the calculation. Perhaps the example should do this.