What is probabilistic thinking?
#MentalModels
Probabilistic thinking is a way of thinking that involves understanding and assessing the likelihood of different possibilities or outcomes.
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It involves analyzing data, making predictions, and considering the potential risks and uncertainties involved in any situation. It is an important tool in decision-making based on the likelihood of different outcomes and the potential consequences associated with each option.
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Probabilistic thinking is used in a wide range of fields, including finance, economics, science, and medicine.
Fun fact: most of our lives are based on probability.
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Most people’s mental "probability dial" has three distinct settings.
By contrast, probabilistic thinkers have an unlimited number of settings.
They’re more likely to answer questions in terms of percentages rather than "yes" or "no."
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Your immediate inclination might be to focus probabilistic thinking on how you understand the world; that's wonderful, but also consider how you might apply it to your own development.
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