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    Probabilistic Thinking (See also: Numeracy/Bayesian Updating)

    Category
    General Thinking Tools
    Description

    The unknowable human world is dominated by probabilistic outcomes, as distinguished from deterministic ones. Although we cannot predict the future with great certainty, we are wise to ascribe odds to more and less probable events. We do this every day unconsciously as we cross the street and ascribe low, yet not negligible, odds of being hit by a car.

    Person
    Resource Datasbase
    Source

    Shane Parrish's Farnam Street Mental Model Guide