Ignoring Probability - Deepstash

Ignoring Probability

Probability gets sidelined because:


  • People want certainty, not accuracy. It’s more appealing to make them feel better(with lies, if required) than to give them cold, hard data.
  • There are not many chances to measure our prediction skills, with sufficient sample sizes taking long to play out.
  • People don’t really understand what odds mean, as their beliefs and preferences of what should happen, takes precedence over probability.

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"I think the next best thing to solving a problem is finding some humor in it." -Frank Howard Clark

The idea is part of this collection:

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