Games of probability What are my chances? Activity 1: Simple probability: • Roll a single die (6 faces). – What is the probability of each number showing on top? Number on Probability top 1 ? 1/6 2 ? 1/6 3 ? 1/6 4 ? 1/6 5 ? 1/6 6 ? 1/6 Assume the die is fair • Roll two dice. Sum of two dice Probability Sum of two dice Can be done by: Probability 2 1/11 (?) 2 (1, 1) 1/36 3 3 (1, 2) (2, 1) 2/36 4 4 (1, 3) (2, 2) (3, 1) 3/36 5 5 (1, 4) (2, 3) (3, 2) (4, 1) 4/36 6 6 (1, 5) (2, 4) (3, 3) (4, 2) (5, 1) 5/36 7 7 (1, 6) (2, 5) (3, 4) (4, 3) (5, 2) (6, 1) 6/36 8 8 (2, 6) (3, 5) (4, 4) (5, 3) (6, 2) 5/36 9 9 (3, 6) (4, 5) (5, 4) (6, 3) 4/36 10 10 (4, 6) (5, 5) (6, 4) 3/36 11 11 (5, 6) (6, 5) 2/36 12 12 (6, 6) 1/36 Activity 2: Independence of two trials: • Roll a die and toss a coin: – What is the probability of getting a “3 and Tail” ? die Coin Coin Probability 1 H 1/12 1 T 1/12 2 H 1/12 2 T 1/12 3 H 1/12 3 T ? 1/12 4 H 1/12 4 T 1/12 5 H 1/12 5 T 1/12 6 H 1/12 6 T 1/12 • Probability of getting a 3 on the die = 1/6. • Probability of getting a tail on the coin = 1/2 • Since the outcomes of the coin toss and the die rolling are independent, the join probability of getting a 3 AND a tail is (1/6)*(1/2)=1/12 • What if the coin is not fair? • Assume the odds of getting the tail from the coin is 1/3, head is 2/3. – What is the probability of getting a “3 and Tail” now ? Answer: 1/6 * 1/3 = 1/18 die Coin Probability 1 H 2/18 1 T 1/18 2 H 2/18 2 T 1/18 3 H 2/18 3 T 1/18 4 H 2/18 4 T 1/18 5 H 2/18 5 T 1/18 6 H 2/18 6 T 1/18 Activity 3: Who is the winner? 1. 2. 3. 4. Toss a coin. Each time it’s head, you win $1, each time it’s tail, you lose $1. Even Roll two dice. Each time it’s 7, you win $4, otherwise you lose $1. Loser Roll two dice. Each time it’s 7, you win $5, otherwise you lose $1. Even Roll two dice. Each time it’s 7, you win $6, otherwise you lose $1. Winner Activity 4: Don’t be fooled • 3 piles of cards. 2 cards in each pile: – Pile 1: ♥K and ♥K – Pile 2: ♥K and ♠K – Pile 3: ♠K and ♠K • We don’t know which pile is which. Randomly pick one card from one pile. If the card we pick is ♥K, what is the odds that the other card in the pile is also ♥K? • Let’s do an experiment! • Ways to pick ♥K : – if we happen to pick a card from pile 1: either card will do. – If we happen to pick a card from pile 2: only one card will do. – If we happen to pick a card from pile 3: no card will do. • Probability of picking ♥K : (1/3)*(1)+(1/3)*(1/2)+(1/3)*0=1/2 • Probability of picking a pile which has two ♥K: 1/3 • So, knowing one card is ♥K, the probability of the other one is also ♥K is (1/3)/(1/2)=2/3 • Will you be a winner if you play this game? – Each time when ♠K is picked, no win, no lose. – Each time when ♥K is picked, you win $3 if the other card is ♠K. – Each time when ♥K is picked, you lose $2 if the other card is ♥K. You win $3 when you win, you only lose $2 when you lose…. Do you think you can make money by playing on? NO! DON’T BE FOOLED! • Most of the gambling games are like this example – The odds are not in favor of the player. • Use the concept of probability can help you determine whether a decision is good or bad – such as making investments. • Don’t gamble – unless your math tells you that you can win.