Book Summaries
Chapter 10: The Law of Small Numbers
P.113) Even professional statisticians, in addition to Kahneman and other psychologists use their judgement to select sample size rather than compute and this results in results that cannot be conclusive. Kahneman called this phenomenon the “law of small numbers.
P.113) Even professional statisticians, in addition to Kahneman and other psychologists use their judgement to select sample size rather than compute and this results in results that cannot be conclusive. Kahneman called this phenomenon the “law of small numbers.”
Note: If a complex problem cannot be solved by System 2 – System 1 finds a shortcut.
YARPP List
Related posts:
- Will It Fly Summary (7/10)
- Modern Man in Search of a Soul Summary (8/10)
- Part 2: Stir Up The Transgressive and Taboo (The Art of Seduction)
- Chapter 19: And They Lived Happily Every After (Sapiens)
Keep Reading
Related Articles
Book Summaries
Epicureanism
- The Nature of Things – Lucretius –Summary YARPP List ### Related posts: 1. Will It Fly Summary (7/10) 2. Modern Man in Search of a Soul Summary (8/10) 3. Part 2: Stir Up The Transgressive and Taboo (The Art of Seduction) 4.
Book Summaries
The New New Thing Summary (8/10)
[The New New thing](https://www.amazon.com/gp/product/0393347818/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0393347818&linkCode=as2&tag=unearnedwis05-20&linkId=e26958a2da88915e47006ac34085b2d0) is a brilliantly written story by Michael Lewis that describes the life
Book Summaries
The New Power Grid
The rapid and exponential growth of artificial intelligence (AI) has triggered an unprecedented surge in demand for computational power, and consequently, for the energy required to fuel it.
Book Summaries
Warren Buffet – M 1121
- He’s a value investor - He’s a long-term investor - He’s a straight shooter [Source: Jamesaltucher.com ](https://jamesaltucher.