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The largest fault in the practical (life) applications of probabilistic thinking is that estimating the odds in real-time is often impossible. Poker is a const
by theincredulousk 4y ago
The largest fault in the practical (life) applications of probabilistic thinking is that estimating the odds in real-time is often impossible. Poker is a constrained environment where the odds are computable.
It's a useful framework for thinking in various situations, but it is almost never going to reduce to an equation that can tell you some objectively correct answer or decision.