Does the fact that your friends have knowledge about how


You walk into a room where some friends have been playing a coin toss game. They ask you to guess whether the coin will land on heads or tails on the next toss.

Does the fact that your friends have knowledge about how many heads and tails have already occurred in the game give them any advantage over you in guessing whether a coin will land on heads or tails on the next coin toss? Explain.

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Financial Econometrics: Does the fact that your friends have knowledge about how
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