I was reading through an article on human rationality that I wanted to share because it's relevant to our perceptions of dice. I think all (most?) of us know that you shouldn't count on a hot (or cold) dice stretch to continue, and that we should play for average dice outcomes**. The article is here at Real Clear Science, but here's the money graf:
Quote
Computational rationality is leading to some elegant and surprising explanations of our biases and errors. One early success consistent with this approach was to examine the mathematics of random sequences like coin tosses, but under the assumption that the observer has a limited memory capacity and could only ever see sequences of finite length. A highly counterintuitive mathematical result reveals that, under these conditions, the observer will have to wait longer for some sequences to arise than others – even with a perfectly fair coin.
The upshot is that for a finite set of coin tosses, the sequences we intuitively feel to be less random are precisely the ones that are least likely to occur. Imagine a sliding window that can only “see” four coin tosses at a time (roughly the size of our memory capacity) while going through a series of results – say from 20 coin tosses. The mathematics show that the contents of that window will hold “HHHT” more often than “HHHH” (“H” and “T” stands for for heads and tails). That’s why we think tails will come after three heads in a row when tossing a coin – demonstrating that humans do make sensible use of the information we observe. If we had unlimited memory, however, we would think differently.
For developing players, I think this is a highly useful piece of information - if you can expand the context of how many dice results you're looking at over the course of the game, you can start to deconvolute where you made mistakes from the typical recriminations about dice variance.
** Caveat: unless you lose on average results. Try not to end up in this boat.
@Rytackle, @Mynock Delta - this might be an interesting tidbit to consider if you guys do a Flight Academy on dice probabilities.
Edited by PaulRuddSaysShoutout to Mynocks
