Applying the law of averages to the law of averages

Discussion in 'Probability' started by Ian Martin Ajzenszmidt, Oct 13, 2010.

  1. When the law of averages is applied to the law of averages, does the
    law of averages still hold?

    When the law of averages is applied to the law of averages multiple
    times or layers towards infinity, then the law of averages loses
    validity because in asymptote
    fashion, the probability approaches zero ie 0.5* 0.5 * 0.5 ..n, as the
    number of iterative applications of the law of averages to the law of
    averages approaches infinity.
    What is the status of this theory, novel, already known etc?.
     
    Ian Martin Ajzenszmidt, Oct 13, 2010
    #1
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  2. "The law of averages" being what? Is it the same as the law of large
    numbers?
     
    Frederick Williams, Oct 14, 2010
    #2
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