• 1 Post
  • 69 Comments
Joined 10 months ago
cake
Cake day: January 24th, 2024

help-circle





  • Honestly if you think about it. The cost of your meal going up and the cost of tipping are not different in their end result for the consumer.

    The employee still gets the short end because people won’t always tip. Or even show up.

    The owner gets the long (?) end because they don’t have to pay their workers a higher wage (very bad if it’s a slow day) and the customers who otherwise wouldn’t have eaten there if the prices were high will still eat there and not tip.

    So it really doesn’t effect the consumer at all but it does effect the employee quite a bit for sure.








  • If you mean the Monty Hall paradox, this is how I’ve recently been able to understand it.

    You start with a 1/3rd chance of being right. That’s a 2/3rds chance you are wrong. Your first pick is likely wrong.

    The host now must open a losing door. Since you likely already picked a losing door, the host likely only has one option for which door to reveal.

    So since chances are best that you first picked a wrong door, then the host picked the other wrong door. Which means the one that hasn’t been picked by anyone yet is likely the winning door.

    Edit: Monte Carlo paradox is a thing. My bad.

    The gambler’s fallacy, also known as the Monte Carlo fallacy, occurs when an individual erroneously believes that a certain random event is less likely or more likely to happen based on the outcome of a previous event or series of events.

    For this one I like the example: “The surgery fails 9/10 times. The last 9 patients have died. Does that mean you in the clear?”