IFA.tv - Probability Machine, Galton Board, Randomness and Fair Price Simulator, Quincunx





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Published on Aug 3, 2009

Take the Risk Capacity Survey and discover an appropriate portfolio for you: http://ifarcs.com - Visit IFA: http://ifa.com - More Videos: http://ifa.tv - Hebner Model: http://hebnermodel.com - Index Funds: The 12-Step Recovery Program for Active Investors: http://indexfundsbook.com - Complete the Retirement Analyzer: http://ifa.com/ra -- Call 888-643-3133 - http://IFAfacebook - http://IFAtwitter.com

The Fair Price Simulator: An explanation of how random beads falling through an assortment of pins, in the pattern of a quincunx, looks like monthly returns of IFA Index Portfolio 100 over 50 years, ending 2008. See http://ifa.com/portfolios/p100/ - IP100 is a simulated index portfolio, with data going back to Jan 1928. - The machine was named Francis, in honor of Sir Francis Galton who first created such a machine in 1873. (see http://www.ucl.ac.uk/museums/galton/s... ). Also see http://en.wikipedia.org/wiki/Bean_mac... and http://en.wikipedia.org/wiki/Normal_d... . Video is narrated by Mark Hebner. Also see http://www.ifa.com/portfolios/p100/#9 , also see Chart number 10 on that page.

From Wiki: In statistics, a random process is a repeating process whose outcomes follow no describable deterministic pattern, but follow a probability distribution, such that the relative probability of the occurrence of each outcome can be approximated or calculated. For example, the rolling of a fair six-sided die in neutral conditions may be said to produce random results, because one cannot compute, before a roll, what number will show up. However, the probability of rolling any one of the six rollable numbers can be calculated, assuming that each is equally likely.

IFA.tv provides webcasts explaining the investing strategies of IFA.com and Mark Hebner's book, Index Funds: The 12-Step Recovery Program for Active Investors, with Foreword by Nobel Laureate Harry Markowitz. See hard cover here: http://www.IndexFundsBook.com ; the iBook here: http://IndexFundsiBook.com ; the Kindle edition here: http://IndexFundsKindle.com ; and the Nook edition here: http://IndexFundsNook.com.

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