In a group of 23 people, there is a 50% chance of at least two people sharing the same birthday.
The Birthday Paradox arises from comparing every possible pair of people against all 365 potential dates, leading to an explosion in the number of comparisons.
This paradox has significant implications in computer science and cryptography, setting limits on collision probabilities for hash functions and aiding in testing the quality of random number generators.
Understanding the principles behind the Birthday Paradox showcases the limitations of human intuition in probability and highlights the importance of precise mathematical analysis in various fields.