A Drunk Hypothesis!
 

8 deep, but it seems like a lot of my ideas come when I'm drunk.

My hypothesis is that, given any Bernoulli (spelling) trial, if the first trial is a success (X=1) then the expected value of the mean of the continuing series (finite) will be (ever so slightly) more than .5!

Prove/disprove.

It\'s the Law
 

The law of the conservation of luck.

Re: It\'s the Law
 

PPPPPPPPPPPPPPPPPPPPP-rove it.

Re: A Drunk Hypothesis!
 

Mean of any even chance series = .5

So the mean of any finite series with 50% chance of success = .5

So the mean of any finite series with 50% chance of success + 1 success >.5

Is that a good enough proof, or should I go more in depth?

Re: A Drunk Hypothesis!
 

Drunk hypotheses have a way of being somewhat ill-posed questions.

Given a series of N Bernoulli tries each with p=1/2,

E[(# succesful trials / # total trials) | 1st trial is a success] = (n+2)/(2n+2).

So, yes, if you pick a number of trials in advance, this is true. Similarly, if your poker room closes at a fixed time each day, winning your first hand does slightly increase the chance youll be ahead at closing time.

However, for any epsilon, there exists some K for which E < epsilon + 1/2 for all N>K.
Usually when a mathematician says something is true about the long-term behavior of a series, he means he can make the statement at the beginning, FIX epsilon, and show the statement to be *true* for all sufficiently large Ns.

Generally, results of the "I pick my constant and then let you pick yours" type are stronger results than results of the "pick any constant you like, and I can find..." type.

So, yes, your statement is true for finite sequences, but it's not exactly an earth-shattering result: in particular, it doesn't change the fact that lim (n+2)/(2n+2) as n->infinity is (exactly) 1/2, and it doesn't change your strategy playing a game based on Bernoulli trials, since knowing the outcome of the first trial doesn't help you decide whether calling heads or tails on the next trial is better.

Re: A Drunk Hypothesis!
 

[ QUOTE ]
Given a series of N Bernoulli tries each with p=1/2,

E[(# succesful trials / # total trials) | 1st trial is a success] = (n+2)/(2n+2).

[/ QUOTE ]

E = [1 + (N-1)/2]/N = (N+1)/(2N).

So your n must be the N-1 trials which exclude the first trial, n = N-1.

Re: A Drunk Hypothesis!
 

I don't know why people are trying to help you with proofs. This is simply a tired old gambling fallacy.

If a red comes up on a roulette wheel, this neither means reds are hot, nor that blacks are due. Make your own proof.

Dues
 

If the Roulette wheel is going to be spun k times without a zero coming up, then it is expected that red will come up k/2 times and so will black. However, if the first trial comes up red, then the "expectation" has tilted slightly towards red, since the rest of the trials, i.e. k-1 trials, are still expected to come up evenly split between red and black. But, after those k trials, red is "expected" to have come up [(k-1)/2]+1 times.

Of course, that "expectation" includes trials already performed! The truth is that for the k-1 remaining trials, the result of the 1st trial means nothing.

As pzhon wrote
[ QUOTE ]
If a red comes up on a roulette wheel, this neither means reds are hot, nor that blacks are due.

[/ QUOTE ]

A Sober Hypothesis!
 

Sober now, and I'm thinking about it a bit more. Let's say you play a game with your friend where you toss a coin and win $1 every time Heads comes up.

Then let's suppose you get extremely lucky and win 20 times in a row.

My (revised) hypothesis is that if you play this game every day until the day you die, there will be a non-zero probability that the mean will be centered around 20, and NOT zero. What I guess I'm saying is that things do not "regress" back to the mean, since you are as likely to go on another 20 game hot streak than you are to go on a 20 game loss (even over time).

Re: A Sober Hypothesis!
 

I'm not sure about that, suppose you ignored the 20 that happened and stick it at the end of the sequence instead.

Re: A Sober Hypothesis!
 

[ QUOTE ]
What I guess I'm saying is that things do not "regress" back to the mean,

[/ QUOTE ]
Right. Coins, dice, cards etc. have no memory.

Was that what you were trying to say in the original post? I read it the opposite way.

Due and more due ....
 

[ QUOTE ]
Of course, that "expectation" includes trials already performed! The truth is that for the k-1 remaining trials, the result of the 1st trial means nothing.


[/ QUOTE ]
I stand by my original analysis. The proposition assumes a law of the conservation of luck -- that the trial outcome is being drawn from a depleted pool.

Re: It\'s the Law
 

OK. First define ".5!"

Micawber
 

[ QUOTE ]
Let's say you play a game with your friend where you toss a coin and win $1 every time Heads comes up.
<font color="white"> . </font>
Then let's suppose you get extremely lucky and win 20 times in a row.
<font color="white"> . </font>
My (revised) hypothesis is that if you play this game every day until the day you die, there will be a non-zero probability that the mean will be centered around 20, and NOT zero. What I guess I'm saying is that things do not "regress" back to the mean, since you are as likely to go on another 20 game hot streak than you are to go on a 20 game loss (even over time).

[/ QUOTE ]

Careful.

Your statement that the outcome of a series of independent trials has no effect on the outcomes of other independent trials is so true, it's literally a tautology.

But regression to the mean is a real phenomenon in our world - it does happen, all the time too. A 30-year old professional basketball player who shoots a lifetime of .70 in free throws and in yesterday's game goes 0 for 10, is expected to "regress" to his mean (of "7 for 10") any day now. Can you see why?

Moreover, can you see why sports players' "hot streaks" (or "slumps") is a statistical illusion?