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.
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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)
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