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I can't read the whole article but... > there was a probability of between 30% and 95% that Osama bin Laden was in the Abbottabad compound in Pakistan in April
by Nokinside 7y ago
I can't read the whole article but...
> there was a probability of between 30% and 95% that Osama bin Laden was in the Abbottabad compound in Pakistan in April 2011.
So they gave Obama 62.5% probability and uncertainty estimate for the prediction ±32.5 percentage points??! Obama was right. That's 50:50 decision from his point of view.
If you have to make a decision, there is usually virtual certainty, very likely and unlikely and somewhere in between. 50% change or 60% change becomes meaningful if you repeat the thing multiple times. For a single event, it does not matter much.