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.”
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.”