Experiment in Probability Learning: Instructions and Warmup
Try to predict which value will occur next by clicking on
R1 or R2.
- The oddsmaker will tell you what percentage of the time R1 or R2 will occur in a game. The oddsmaker is very
good, but not perfect. You should pay close attention to the oddsmaker's opinion of the values.
- Imagine that you
win $100 each time you predict right and lose $100 each time you predict wrong.
Long-shots do not pay more than favorites, so just try to get as many correct as possible.
- Best strategy: Figure out which value (R1 or R2) occurs more frequently as soon as you can and then always
pick that value.
Each game has 100 trials. Each new game is different, so pay close attention to each new game.