Tagged: paradox

The probability of going through a bad patch 2

The probability of going through a bad patch

We’ve heard it: people that invest on the stock market or that gamble in lotteries, casinos, etc usually say “I’m going through a bad patch” (or bad spell). That is, they have been losing money for a while, but hey! better times are ahead and there’s no reason to quit. Are they sure? Are better times ahead? How close is...

Waiting for the bus 4

Waiting for the bus

Although the public transportation system in Madrid is very good, I don’t usually take the bus or the train to move around. But sometimes my car decides I should take public transportation (bus or train). One of things I always found intriguing is that I always wait way more for the bus than what is expected according to the frequency...