In this article we consider the cycle structure of compositions of pairs of involutions in the symmetric group S_n chosen uniformly at random. These can be modeled as modified 2-regular graphs, giving rise to exponential generating functions. A composition of two random involutions in S_n typically has about n^(1/2) cycles, and the cycles are characteristically of length n^(1/2). Compositions of two random fixed-point-free involutions, on the other hand, typically have about log n cycles and are closely related to permutations with all cycle lengths even. The number of factorizations of a random permutation into two involutions appears to be asymptotically lognormally distributed, which we prove for a closely related probabilistic model. This study is motivated by the observation that the number of involutions in [n] is (n!)^(1/2) times a subexponential factor; more generally the number of permutations with all cycle lengths in a finite set S is n!^(1-1/m) times a subexponential factor, and the typical number of k-cycles is nearly n^(k/m)/k. Connections to pattern avoidance in involutions are also considered.
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