Comment on Extreme wealth inequality is baked in to the system

calamityjanitor@lemmy.world ⁨23⁩ ⁨hours⁩ ago

• OctopusNemeses@lemmy.world ⁨15⁩ ⁨hours⁩ ago

  You’ve demonstrated exactly how the system works. Statistically a few players will be lucky and become very rich. They’ll be looked at as “built different”. All the other poor players will try to emulate them as if they can beat the system by achieving some virtue like working hard enough or having innate skill rather than realize the system is mathematically impossible to beat.

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• Taldan@lemmy.world ⁨6⁩ ⁨hours⁩ ago

  The probability of you getting 74 (or more) wins in 122 fair coin flips is ~1.16%

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• bdonvr@thelemmy.club ⁨20⁩ ⁨hours⁩ ago

  Image

  The highest highs, the lowest lows.

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  • Zoot@reddthat.com ⁨17⁩ ⁨hours⁩ ago

    What is this from?

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• piwakawakas@lemmy.nz ⁨20⁩ ⁨hours⁩ ago

  And you only had to win at a 60% rate. Less than I expected

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  • Taldan@lemmy.world ⁨6⁩ ⁨hours⁩ ago

    The odds of that are still ~1.1%. He got very lucky

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    • piwakawakas@lemmy.nz ⁨5⁩ ⁨hours⁩ ago

      Yea, I tried quite a few times, the most I got up to was $400 before losing it all

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