Related papers: How does a coin toss? A look under an asymptotic m…
We analyze a coin-based game with two players where, before starting the game, each player selects a string of length $n$ comprised of coin tosses. They alternate turns, choosing the outcome of a coin toss according to specific rules. As a…
We study the dynamics of a bouncing coin whose motion is restricted to the two-dimensional plane. Such coin model is equivalent to the system of two equal masses connected by a rigid rod, making elastic collisions with a flat boundary. We…
We take a fresh look at the classical problem of runs in a sequence of i.i.d.\ coin tosses and derive a general identity/recursion which can be used to compute (joint) distributions of functionals of run types. This generalizes and unifies…
This Chapter reviews statistical models for the probability distribution of money developed in the econophysics literature since the late 1990s. In these models, economic transactions are modeled as random transfers of money between the…
There are many randomness notions. On the classical account, many of them are about whether a given infinite binary sequence is random for some given probability. If so, this probability turns out to be the same for all these notions, so…
A coin is just a two sided dice. Recently, Mochon proved that quantum weak coin flipping with an arbitrarily small bias is possible. However, the use of quantum resources to allow N remote distrustful parties to roll an N-sided dice has yet…
We consider a version of random motion of hard core particles on the semi-lattice $ 1, 2, 3,...$, where in each time instant one of three possible events occurs, viz., (a) a randomly chosen particle hops to a free neighboring site, (b) a…
A neat question involving coin flips surfaced on $\Bbb X$, and generated an intensive `storm' of `social mathematics'. In a sequence of flips of a fair coin, Alice wins a point at each appearance of two consecutive heads, and Bob wins a…
In this article, we study a notion of the extraction rate of Turing functionals that translate between notions of randomness with respect to different underlying probability measures. We analyze several classes of extraction procedures: a…
We have studied the statistical mechanics of money circulation in a closed economic system. An explicit statistical formulation of the circulation velocity of money is presented for the first time by introducing the concept of holding time…
A sequence of spin-1/2 particles polarised in one of two possible directions is presented to an experimenter, who can wager in a double-or-nothing game on the outcomes of measurements in freely chosen polarisation directions. Wealth is…
We use simple deterministic dynamical systems as coins in studying quantum walks. These dynamical systems can be chosen to display, in the classical limit, a range of behaviors from the integrable to chaotic, or deterministically random. As…
The process of doing Science in condition of uncertainty is illustrated with a toy experiment in which the inferential and the forecasting aspects are both present. The fundamental aspects of probabilistic reasoning, also relevant in real…
Recently, progress has been made in the theory of turbulence, which provides a framework on how a deterministic process changes to a stochastic one owing to the change in thermodynamic states. It is well known that, in the framework of…
By repeated trials, one can determine the fairness of a classical coin with a confidence which grows with the number of trials. A quantum coin can be in a superposition of heads and tails and its state is most generally a density matrix.…
A longstanding theoretical prediction is the orientation of spins by an electrical current flowing through low-dimensional carrier systems of sufficiently low crystallographic symmetry. Here we show by means of terahertz transmission…
This expository essay introduces randomness and computation to a lay audience.
For sequential betting games, Kelly's theory, aimed at maximization of the logarithmic growth of one's account value, involves optimization of the so-called betting fraction $K$. In this Letter, we extend the classical formulation to allow…
Bayesian probability theory is used to analyze the oft-made assumption that humans are typical observers in the universe. Some theoretical calculations make the {\it selection fallacy} that we are randomly chosen from a class of objects by…
Does quantum mechanics matter at everyday scales? We generally assume that its consequences are confined to microscopic scales. It would be very surprising if quantum effects were to be manifest in a macroscopic system. This has been…