1. He pulled out some old thing-a-ma-jig called thought dialing.
2. Then he got a bunch of friends together.
3. At this point no one has any idea what happened because the professor has hidden the truth of the so-called experiment.
4. His group picks a team.
5. He posts odds that told us how much his team would have made had they actually done some betting on the game. Well, actually he tells us how much he would have made had there been a bunch of games to bet on.
6. So not knowing what was calculated by a mathematician the professor has been running around claims that somehow these odds are important and are comparable to odds used over at JREF.
What actually happened was a bunch of people got together and chose a team for a game. Two teams to choose from and the odds to win are 50-50 or 1:1. That's flipping a coin. All people had to agree or this so-called experiment would have been a flop.
So now the professor is looking foolish. Next time learn what odds mean. Next time answer questions instead of hiding the truth. That way you won't make the same mistakes the next time.Statistics: Posted by Nostradamus — 03 Apr 2010, 13:12
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