We establish an interesting connection between the number of runs and the length of the first run when tossing a fair coin.

When two sealed envelopes contain money, one twice as much as the other, a player should be indifferent between them. But when one envelope is opened, one's decision should vary as a function of the observed value and one's subjective probabilities.

The national lottery is often portrayed as a game of pure chance with no room for strategy. This misperception seems to stem from the application of probability instead of expectancy considerations, and can be utilized to introduce the statistical concept of expectation.