PROBABILITY IS ABOUT THE BELIEF THAT THERE ARE ALTERNATIVE OUTCOMES.

December 4, 2012 at 7:21 PM · Journalism, Science

PROBABILITY IS ABOUT THE BELIEF THAT THERE ARE ALTERNATIVE OUTCOMES.

In FOOLED BY RANDOMNESS, Taleb says:

“…probability is not about the odds, but about the belief in the existence of an alternative outcome, cause or motive.”