The Pólya Urn Model: A simple Simulation of “The Rich get Richer”
What is the “opposite” of sampling without replacement? In a classical urn model sampling without replacement means that you don’t replace the ball that you have drawn. Therefore the probability of drawing that colour becomes smaller. How about the opposite, i.e. that the probability becomes bigger? Then you ... Continue reading: The Pólya Urn Model: A simple Simulation of “The Rich get Richer”
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