Earlier quoted context omitted.
If anyone wants to test it, someone wrote a short code that simulates doing that 100,000 times: https://www.techiedelight.com/generate-fair-results-biased-c... The coin is biased to come up TAILS 80% of the time, but using Von Neumann's method in the program I got HEADS 50.035%, TAILS 49.965%.
Why would you test it? Probability of two heads: p*p Probability of two tails: (1-p)*(1-p) Probability of head followed by tails: p*(1-p) Probability of tails followed by heads: (1-p)*p It's not difficult to notice that if you remove the first two, the last two form a 50/50 distribution
Why not?
The fact that you can show something with a mathematical equation doesn’t make other demonstrations any less cool.