Common Probability Errors to Avoid
Understanding probability will help you get a more correct picture of the world and help you make better decisions.
Most of us fall prey to the same handful of issues because aspects of probability go against what we think is intuitive.
SIMILAR ARTICLES & IDEAS:
Jootsing means “jumping out of the system."
Philosopher Daniel C. Dennett describes the process of understanding a system in order to step outside of it as “jootsing,” using a term coined by Douglas Hofstadter.
The concept of jootsing shows us that constraints and restrictions are essential for creativity.
Most of us say we want to be creative—and we want the people we work with and for to be creative. The concept of jootsing reveals why we often end up preventing that from happening. Creativity is impossible without in some way going against rules that exist for a good reason.
In both children and adults, being in ‘play mode’ is an essential and overlooked factor in the quest to learn about our surroundings, discovering our capabilities and finding new information. Not h...
When we take away the mind's impositions, restrictions, boundaries and the preset rules of how things should be, we can relook, dismantle and reform anything including how numbers and letters are represented or structured.
One challenge in life is knowing when to explore new opportunities, and when to focus harder on existing ones. Do we keep learning new ideas, or do we enjoy what we've come...
When we consider seizing a day or seizing a lifetime, it is important to understand the interval over which we plan to enjoy them.
Explore when you have the time to use the resulting knowledge, exploit when you're ready to cash in.
Regret is the result of comparing what we did with what would have been the best.
We can minimize regret, especially in exploration, by trying to learn from others. In new territory, we can best prevent regret with optimism because we'll explore enough so that we won't regret any missed opportunity.