Enrique, Mubarak, David, Stephen
Mubarak: Most of us can say that we’ve flipped coins in order to come to a decision between 2 things. Tossing 2 coins is supposed to be a 50/50 chance. However, it may not be as objective as you thought. (Tone rises scary music)
Enrique: The two outcomes of a typical coin are not equally likely. The proposition isn’t 50-50 but 51-49. The coin contains a 1% bias at minimum if not more. There is actually physics in coin flipping. According to the Dynamical Bias in the Coin Toss written by Persi Diaconis and Susan Holmes from Standford and Richard Montgomery from University of California Santa Cruz, coin flipping is more than just random chances.
David: What the researchers found was astonishing. If a coin is thrown in the air and caught, there is a 51 percent probability that it will land on the same side it was originally thrown from the hand. Although the small difference in percentage seems trivial, it creates complexity in coin flipping, allowing people to build strategy.
Stephen: The findings of the research suggest that one should always try to be the tosser and the chooser in order to have a higher possibility of winning. Another interesting fact is that a coin is 80% likely to land on the heavier side if it is spun rather than tossed. With these premises, people can now build strategy in order to win this seemingly fair game.
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