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> ... apparently, both options are roughly equal. But that's the thing, they aren't really roughly equal in any meaningful way. I think Anscombe's quartet [0]
by falcor84 6y ago
> ... apparently, both options are roughly equal.
But that's the thing, they aren't really roughly equal in any meaningful way. I think Anscombe's quartet [0] is a good illustration of the issue, only in this case there are very many dimensions involved, with huge uncertainty in each, leading to vastly different risk profiles for the different alternatives.
> ... no real wrong choices ...
This is a matter of philosophy of course, but more objectively, there are many many people actively regretting their choices.
[0] https://en.wikipedia.org/wiki/Anscombe%27s_quartet https://en.wikipedia.org/wiki/Anscombe%27s_quartet
- rocqua 6y ago> This is a matter of philosophy of course, but more objectively, there are many many people actively regretting their choices. I think this is a part of the power of the quote. It essentially says, don't judge your decisions with hindsight. And remember that having made the other choice could equally well have turned out bad as far as you knew back then.