Saturday, November 14, 2015

Flip a Coin


Once I got enrolled for Statistics major for my graduation, my life’s decisions had been highly influenced by statistical distributions. Much as I studies about them, their impact on my decision making became larger and larger.

One of the distribution which I use most in taking any bivariate decisions like to buy or not, to go or not, is Bernoulli distribution. It just makes life so simple. Toss a coin and you know what to do. All those decision which have zero impact on your life but need to be taken are done just by a flip of coin. Simple, easy, proven and efficient.

Though sports recognized is efficiency and implemented it long back as toss to start the game as result of the match will have more significance from the opponents than who starts first. Flipping a coin as decision making tool has generally given a cold shoulder otherwise and a lot of man hours have been then put to decide this way or that way when both leads to same destination and has no significant difference. 

So if you are stuck with what color to wear, what to eat pasta or salad, which place to go on holiday, which share to buy when both are performing similar, stairs or elevator, highway or subway. All done. Just by a flip of coin.


But remember the decision is always yours’ and not of the coin you flipped. And no decision is right or wrong. What you do with that decision makes it right or wrong. So start flipping. 

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