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Chance and Luck: The Laws of Luck, Coincidences, Wagers, Lotteries, and the Fallacies of Gambling

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Chance and Luck: The Laws of Luck, Coincidences, Wagers, Lotteries, and the Fallacies of Gambling

The false ideas prevalent among all classes of the community, cultured as well as uncultured, respecting chance and luck, illustrate the truth that common consent (in matters outside the influence of authority) argues almost of necessity error. This, by the way, might be proved by the method of probabilities. For if, in any question of difficulty, the chance that an average mind will miss the co...