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Episode 2 - Probabilistic Thinking

Jan 18, 2021
36:53
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1
Introduction
00:00 • 3min
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2
The Importance of Deterministic Thinking
02:49 • 2min
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3
The Probability of Wining the World Cup
04:38 • 2min
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4
The Importance of Probabilistic Thinking
06:44 • 2min
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5
The Problem With Deterministic Forecasts
09:05 • 3min
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6
The Floor of Averages
11:38 • 2min
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7
How to Communicate a Forecast With Probability
13:50 • 3min
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8
How to Think Probabilistically
16:48 • 3min
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9
Trump Wins Every Fourth Election
19:43 • 3min
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10
The Importance of Probabilistic Thinking
23:02 • 2min
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11
The Importance of Probabilistic Thinking in Casinos
25:15 • 2min
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12
The Good News Is We Can Still Be Predictable
27:18 • 2min
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13
The Power of Control
29:08 • 2min
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14
The Importance of Probabilistic Thinking
30:40 • 2min
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15
The Importance of Past Behavior in Forecasting
33:03 • 2min
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16
Drunk Agile: The Problem With Quarantine and Lockdown
34:56 • 2min
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Dan and Prateek draw the distinction between deterministic and probabilistic thinking. They use everyday examples to describe what forecasting looks like in a probabilistic world.
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