Coin Flip - Heads or Tails? 1.0
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Free Version
Publisher Description
Coin Flip is the first ever truly random coin flip app for the iPhone and Apple Watch. The concept is pretty simple really, you shake your phone or tap your watch and the coin flips. You will see a cool video of a coin flip and then boom you have the answer to a question.
WHY FLIP A COIN?
DECISION MAKING
The average adult makes 35,000 decisions per day (Source: Sahakian and LaBuzetta). Decision fatigue causes irrational trade-offs in decision making (Source: Baumeister
Flipping a coin or "Flipism" is a normative decision theory that prescribes an course of action with the minimum possible cognitive overhead to make the decisions. Truly rational decision-making requires a tremendous investment in information and cognition to arrive at an optimal decision. However, the expected marginal value of information gathered (discounted for risk and uncertainty) is often lower than the marginal cost of the information or processing itself. The concept of bounded rationality posits that people employ cognitive parsimony, gathering only what they expect to be sufficient information to arrive at a satisfying (or "good enough") solution. Flipism is therefore a perfectly rational strategy to employ when the cost of information is very high relative to its expected value. (Source: Wikipedia)
DISPUTE RESOLUTION
Coin tossing is a simple, well known, and unbiased (in theory) way of settling a dispute or deciding between two or more arbitrary options.
WHY NOT USE AN ACTUAL COIN?
PREDICTABLE
Experimental and theoretical analysis of coin tossing has shown that the outcome is predictable, to some degree at least, if the initial conditions of the toss (position, velocity and angular momentum) are known (Source: Wikipedia).
BIAS - NOT A 50/50 CHANCE
A Stanford Study analyzed the natural process of flipping a coin and found a bias based on the angle between the normal to the coin and the angular momentum vector. This results in a 51% chance of the coin coming up as it started.
APPLE PAY
You no longer need a physical money, and carrying coins is a pain.
EVIDENCE
The Coin Flip app allows you to take a screenshot with a time stamp thereby providing evidence of an outcome that can be shared remotely.
Jul 18, 2015
Version 1.0
This app has been updated by Apple to display the Apple Watch app icon.
About Coin Flip - Heads or Tails?
Coin Flip - Heads or Tails? is a free app for iOS published in the Recreation list of apps, part of Home & Hobby.
The company that develops Coin Flip - Heads or Tails? is Slay. The latest version released by its developer is 1.0.
To install Coin Flip - Heads or Tails? on your iOS device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2015-07-18 and was downloaded 6 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Coin Flip - Heads or Tails? as malware if the download link is broken.
How to install Coin Flip - Heads or Tails? on your iOS device:
- Click on the Continue To App button on our website. This will redirect you to the App Store.
- Once the Coin Flip - Heads or Tails? is shown in the iTunes listing of your iOS device, you can start its download and installation. Tap on the GET button to the right of the app to start downloading it.
- If you are not logged-in the iOS appstore app, you'll be prompted for your your Apple ID and/or password.
- After Coin Flip - Heads or Tails? is downloaded, you'll see an INSTALL button to the right. Tap on it to start the actual installation of the iOS app.
- Once installation is finished you can tap on the OPEN button to start it. Its icon will also be added to your device home screen.
