AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
John A. Paulos — Avoiding Innumeracy (EP. 219)
Infinite Loops
Strategies for Broadening Confidence Intervals
12min Snip
00:00
Summary
Transcript
Episode notes
The chapter introduces a strategy of obtaining broader confidence intervals by focusing on directional estimates rather than specific numbers, using positive and negative outcomes of an investment to gauge the company's potential future performance. It explores the impact of using numbers and probabilities in communication, showcasing examples of probabilistic reasoning, trade-offs between plausibility and probability in storytelling, and the influence of stereotypes and irrelevant details on decision-making processes.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode