Probability of Default PD - Search Videos

How A Random System Can Actually Be Predictable

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How A Random System Can Actually Be Predictable

The balls in a Galton board fall down randomly. Any time they come to a junction they can take any number of paths and it's almost impossible to accurately predict every ball's trajectory. However, the system as a whole is predictable. How can this be? How can random systems actually be predictable?

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