Check this one out for a very simple description:

http://www.howstuffworks.com/question261.htm

On Mon, 17 Feb 2003, Sarad AV wrote:

> hi,
>
> http://www.x5.net/faqs/crypto/q95.html
>
> If some function, when supplied with a random input,
> returns one of k equally-likely values, then by
> repeatedly evaluating the function for different
> inputs, we expect to obtain the same output after
> about 1.2k1/2. For the above birthday paradox, replace
> k with 365.
>
>
> how is the result obtained?
>
> Regards Sarath.

Patience, persistence, truth,
Dr. mike


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