About this deal
In fact, it is said that Sigmund Freud himself realized this phenomenon and used it to his advantage. Phipps won the toss, decided against Secretariat and chose the other foal, a decision which would prove costly.
Earlier, the terms ' heads or tails' were used, referring to the images that appeared on ancient Roman silver coins. In this scenario, instead of letting the coin decide, you may want to go with the choice that you now realize you really wanted.
In his book titled Grooks, the Danish poet Piet Hein included a poem entitled “A Psychological Tip” which relates to the Freudian Coin Toss. In 1969, four years before Secretariat would claim the Triple Crown, Penny Chenery and Ogden Phipps flipped a coin for first pick of two foals sired by Bold Ruler, the famous racehorse.
In 1971, Don McLean would memorialize this day as “The Day the Music Died” in his hit song “American Pie”.A coin toss (also known as a coin flip, coinflip, or “Heads or Tails”) is a game in which a coin is tossed into the air with a flick of the thumb, causing it to rotate edge-over-edge quickly. To determine who would fly the plane first, Wilbur pulled a coin from his pocket and flipped it into the air.