Uncertainty Wednesday: Coin Flipping (Example)

From Continuations
January 11, 2017 - 7:33pm

I was going to start formalizing the concepts from Uncertainty Wednesday but I got a reader suggestion to do this in the context of a coin flipping example. This is what pretty much every introductory text uses because, well, coin flips are actually used in practice to decide things (especially in sports) and also coins have only two sides (heads and tails). It will be interesting to see if I can show how the Uncertainty Wednesday framework makes coin flipping more interesting than the way it is usually presented.The setup: we observe a coin being flipped (by a machine or a human, we will get

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