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The Michael Shermer Show cover image

Everything is Predictable: How Bayesian Statistics Explain Our World

The Michael Shermer Show

NOTE

Probability Reflects Our Ignorance, Not a Coin's Nature

Probability is fundamentally subjective and reflects our uncertainty about outcomes rather than an inherent property of the events themselves. When assessing a flipped coin, even if one knows the result, the observer's uncertainty about future flips persists. The common perception that the odds of a coin landing heads or tails are 50/50 stems from our lack of complete knowledge regarding the factors influencing the flip. While frequentist approaches suggest that a coin will yield equal results over numerous trials, Bayesian perspectives emphasize that probability expresses our ignorance. Thus, probability serves as a measure of uncertainty in our understanding of outcomes rather than an objective truth about the event.

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