What are the Chances...?

Abstract

We deal with ‘probabilities’ every day of our lives. Often, we weigh our chances instinctively, based on intuition or past experience. But how well does this really serve us? The math behind probability theory can be brought to bear on countless real‐life situations in many fields, including clinical trials, weather forecasting, insurance policies, and scientific experiments. By studying a simple probability paradox, we will highlight the discrepancy between intuition and reality. What are your chances of learning something in this session? One hundred percent!