In my previous post I shared a few thoughts on probabilities and statistics. I wrote about disregarding probabilities in decision making, ignoring small probabilities and not over-weighting small probabilities.
A tough act to follow. I am totally guilty of failing at it.
Especially in view of all those solid statistics media, ‘advisors’, and the internet are presenting to me on a silver platter.
The only positive aspect here being the silver platter itself. That one is getting much more valuable in recent times. Just check out the Silver Price Chart. But careful, a chart is just a form of a statistic where the message depends on its time frame. But I am totally digressing.
What I want to share with you, is to become more sensitive to the way information is presented and represented to us.
You see, in the case of many so-called cognitive illusions, our problems result ......