Can Thinking Probabilistically Make Our Decisions Worse Rather Than Better? - Deepstash

Can Thinking Probabilistically Make Our Decisions Worse Rather Than Better?

  • If you’re in savannah and you hear rustling in the grass, you don’t want to spend time thinking about the probability that it’s a lion.
  • When making bets with friends, it’s probably best to not make any bets that can be interpreted as negative, such as betting your friend’s kid won’t get into a certain school, people can interpret that as you think that that’s what’s going to happen.
  • When betting on sports, sometimes you can hedge the emotional downside with a monetary upside such as betting against your home team because you know they will likely lose.

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jacrai

Interior and spatial designer

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Product Management Essentials

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Essential product management skills

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