In this chapter, Kahneman discusses the law of small numbers. He argues that we are often fooled by the law of small numbers, and that we make mistakes when we base our judgments on small samples of data.
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Similar ideas to Chapter 8: The Law of Small Numbers
In statistical thinking, professional statisticians informally think the degree of the probability distribution in a small group will closely resemble the probability distribution in the overall population.
In other words, even people who should know better make these mistakes. When they'r...
This law states that energy and information exist everywhere in nature. The whole universe is the movement of energy and information in its quantum state. We all are a convolution in this quantum field and we influence it by our intentions.
This law is similar to what has b...
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