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Dec 4, 2017 at 6:43 comment added Ovi I don't get your comment about the stock market; if you always sell higher than you buy, how can you stay at zero?
Mar 12, 2010 at 16:15 comment added vonjd Ah, ok... so I should change my answer by taking out the martingale and stopping time part, adding the Strong Law of large numbers and keeping the rest, right?
Mar 12, 2010 at 16:02 comment added Douglas Zare The Strong Law of Large Numbers means the proportion returns (in fact, converges) to the mean almost surely. Martingales have no restoring force. Given that there have been 3 flips, and there have been 3 heads and no tails (proportion 3/(3+0) = 1), then the expected proportion after the 4th flip is 7/8, not 1.
Mar 12, 2010 at 15:01 comment added vonjd Hmmm, could you give some reference for an explanation or a proof? Thank you!
Mar 12, 2010 at 14:01 comment added Douglas Zare The difference between the count of girls and boys is a martingale, but the proportion of girls in the population is NOT a martingale. You can't apply the optional stopping theorem for martingales because the proportion is not a martingale.
Mar 12, 2010 at 11:36 history edited vonjd CC BY-SA 2.5
added 308 characters in body; added 140 characters in body
Mar 12, 2010 at 11:34 comment added Tom Leinster It seems wholly intuitive to me too. However a couple decides whether to make another baby --- prayer, quality of the moonlight, desire to have a boy --- the proportion of babies born will always be 50-50.
Mar 12, 2010 at 11:09 history answered vonjd CC BY-SA 2.5