24 JUN 2014 by ideonexus
The Law of Large Numbers
The game is called who’s the best at flipping coins. It’s pretty simple. You flip a bunch of coins and whoever gets the most heads wins. To make this a little more interesting, though, not everybody has the same number of coins. Some people—Team Small—have only ten coins, while the members of Team Big have a hundred each.
If we score by absolute number of heads, one thing’s for almost sure—the winner of this game is going to come from Team Big. The typical Big player is going to ...Folksonomies: mathematics statistics
Folksonomies: mathematics statistics
17 MAR 2012 by ideonexus
"Big Bucks" VS "Small Bucks" University Research
Basic research at universities comes in two varieties: research that requires big bucks and research that requires small bucks. Big bucks research is much like government research and in fact usually is government research but done for the government under contract. Like other government research, big bucks academic research is done to understand the nature and structure of the universe or to understand life, which really means that it is either for blowing up the world or extending life, whi...Amusing and insightful.