Understanding probability - Deepstash
Inside The Mind of Elon Musk

Learn more about personaldevelopment with this collection

The importance of innovation

The power of perseverance

How to think big and take risks

Inside The Mind of Elon Musk

Discover 42 similar ideas in

It takes just

7 mins to read

Understanding probability

Understanding probability

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.

127

857 reads

MORE IDEAS ON THIS

Assuming events are independent when they are not

When two event are interconnected, the former happening increases or decreases the probability of the latter happening.

  • Your car insurance gets more expensive after an accident because car accidents are not independent events. A person who gets in one is more li...

130

637 reads

When improbable events happen

While particular improbable events are improbable, the chance of any improbable event happening at all is highly probable.

  • Your chances of getting struck by lightning are almost zero. But with so many people walking around and so many storms, it has to happen to som...

108

545 reads

Not understanding when events are independent

In Naked Statistics, Charles Wheelan explains: β€œA different kind of mistake occurs when events that are independent are not treated as such . . . If you flip a fair coin 1,000,000 times and get 1,000,000 heads in a row, the probability of getting heads on the next flip is still 1/2. The very ...

115

521 reads

CURATED FROM

CURATED BY

brarh

Life is not about waiting for the storms to pass. It`s about learning how to dance in the rain.

Related collections

More like this

Take control

Most of us are unable to do our best thinking when we're under stress at work. The problem is, it is often the time when we need to be at our best.

Even though we can't make stress go away, understanding how our brain is wired can help us to make better decisions.

Think Of The Consequences

Forget about how you feel in the moment. Pause, step back and think of the short-term and long-term consequences of your actions.

Doing so can help you think clearly, see the big picture, and make better decisions.

6. Think Of The Consequences

6. Think Of The Consequences

Forget about how you feel in the moment. Pause, step back and think of the short-term and long-term consequences of your actions.

Doing so can help you think clearly, see the big picture, and make better decisions.

stash-superman-illustration

Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas

Anywhere

Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

Join

2 Million Stashers

4.8

5,740 Reviews

App Store

4.7

72,690 Reviews

Google Play

samz905

Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

β€œ

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

β€œ

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

β€œ

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

β€œ

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

β€œ

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

β€œ

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

β€œ

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

β€œ

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

β€”

Access to the mobile app

β€”

Unlimited idea saving & library

β€”

β€”

Unlimited history

β€”

β€”

Unlimited listening to ideas

β€”

β€”

Downloading & offline access

β€”

β€”

Personalized recommendations

β€”

β€”

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates