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#69 - Contra Scott Alexander on Probability

Increments

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The Perils of Probability: Misunderstanding Bayesian Reasoning

This chapter examines the dangers of overconfidence in probabilistic reasoning, particularly in high-stakes scenarios like the FTX scandal and space exploration. It highlights the complexities of interpreting numerical probabilities and the importance of context in decision-making. The discussion critiques the simplification of uncertainty into quantifiable metrics and emphasizes the necessity for a nuanced understanding to avoid harmful misconceptions.

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