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Ep. 26 – Annie Duke on Why Life is Like Poker, Anatomy of Decision Making, and the Power of Quitting
The One Percent Show with Vishal Khandelwal
How Base Rates Can Help You Make Forecasts More Accurate
Base rates help us with that forecasting because you can look up for anything like, for example, should you go to Florida on a vacation to Miami in September of next year. And then the other thing is getting other people's perspective on the same information that we're looking at. So base rates are an important step in helping us to make those forecasts and make those forecasts more accurate.
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