Why everything we’ve been taught about quitting is wrong — Annie Duke
In Depth
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What Are Base Rates?
How often does something happen in the situation that you're considering? So there's all sorts of examples of base rates. An example would be how often year over year in any given fiscal year is the stock market up from where it started at the beginning of the year. We can think about base rates, which we've talked about in terms of valuations. If historically the top SaaS companies are valued at about 16 to 20 times revenue, then if all of a sudden they're being valued at 40 to 60 times revenue, that would be odd compared to the base rate.
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