Perception of Streaks

H/T to Dan Goldstein (on Twitter) for pointing out an Interesting plotting of (likely and VERY likely) “streak” probabilities:

http://www.decisionsciencenews.com/2017/10/25/long-need-flip-coin-see-streak/

The author looks mostly at "coin-tossing"-like scenarios, but notes such analysis potentially relates back to other theoretical discussions (such as "hot hand" observations). One can imagine a lot of other ways to play with similar data (and the author presents R code for doing such).