The March caption contest cartoon is shown here. The winning caption for the contest was “Even the Statistical Genie-us couldn't beat the house," written by Rich Einsporn from the University of Akron. Rich’s caption provides a good way to introduce the Law of Large Numbers using the negative expectation for games of chance at a casino. An honorable mention this month goes to Erik Svenneby, a student at the University of Colorado Boulder for his caption “The Casino: where the rich go to drive the GINI coefficient down,” which invites classroom conversation about why the GINI measure of inequality for wealth would be reduced when rich people play at the casino.
- Prof Dev