Luck and taking a flyer
The notions of coherence, plausibility, and probability are easily confused by the unwary.
The notions of coherence, plausibility, and probability are easily confused by the unwary.
Plan for the worst. Hope for the best. And don’t agonize.
Risk aversion is an unwillingness to take on a risk in spite of the fact that the reward amply justifies the risk taken
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