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Re: Random data compression

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James Youlton <youltonjames@gmail.com> writes:
> Hi, I'm looking for discussions about compressing random bit streams.
> For example, "Can you win by betting on random coin tosses?", where
> the arguments typically follow the reasoning, "No matter what you bet,
> on average, you'll win half the time, so you will break even", which I
> consider defeatist since if you play 'unlimited double up', the
> outcome is effectively, "Heads, you win, and tails, you break even".
> Essentially, you don't need to know what the outcome of next toss will
> be, only that there will be a next toss.

What resource of value do you have access to in unlimited quantities?
If you have no such resource, you can't play this strategy.

Phil
-- 
We are no longer hunters and nomads. No longer awed and frightened, as we have
gained some understanding of the world in which we live. As such, we can cast
aside childish remnants from the dawn of our civilization.
-- NotSanguine on SoylentNews, after Eugen Weber in /The Western Tradition/

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Thread

Random data compression James Youlton <youltonjames@gmail.com> - 2022-10-20 06:35 -0700
  Re: Random data compression TheVoiid <dioveht@home.nl> - 2022-10-21 02:32 -0700
    Re: Random data compression Keith Thompson <Keith.S.Thompson+u@gmail.com> - 2022-10-21 12:48 -0700
  Re: Random data compression Phil Carmody <pc+usenet@asdf.org> - 2022-10-26 22:24 +0300
    Re: Random data compression James Youlton <youltonjames@gmail.com> - 2023-02-20 08:09 -0800
      Re: Random data compression Mihai Cartoaje <mcartoaje@gmail.com> - 2023-02-27 03:28 -0800

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