After I'd covered the Monty Hall Problem in the last blog-post, I wrote an experiment in python, which shows that when the number of doors increases but the rules of the game stay the say, our probability of winning given that we switched converges to 1. The probability of winning given we stayed converges to … Continue reading Experiment – Monty Hall Problem

Category: Experiments

# Experiment – Auction Theory

After I finished writing the last blog-post about auction theory, I decided to prove our mathematical way with a little experiment. The Experiment is based on a program I wrote. The programming language is python. The source code looks like following: I first calculated the expected profit for the posted price (pp_expectation) and the auction … Continue reading Experiment – Auction Theory