Quotes About Probability

I think the chances are better of me putting Super Unleaded into a rented car.

I have as much chance of becoming Prime Minister as of being decapitated by a frisbee or of finding Elvis.

If we do everything right, if we do it with absolute certainty, there's still a 30% chance we're going to get it wrong.

The best way to win at a game of chance is to remove chance from the equation.

There is irreducible chance in the universe.

We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events.

A throw of the dice will never abolish chance.

We're deciding the fate of the multiverse with a flip of a coin. Heads or tails, doc. If that isn't a game, I don't know what is.

Satriani's Law: There's at least a 30% chance that someone will print the name Satriani incorrectly

Yet there seemed to be some truth in the law of probability, according to which the chance of success is directly proportionate to the number of repetitions.

Decisions are made by men. Men are fallible; at their best their works do not last long. Even the best decision has a high probability of being wrong. Even the most effective one eventually becomes obsolete.

So we pour in data from the past to fuel the decision-making mechanisms created by our models, be they linear or nonlinear. But therein lies the logician's trap: past data from real life constitute a sequence of events rather than a set of independent observations, which is what the laws of probability demand.[...]It is in those outliers and imperfections that the wildness lurks.

Fear of harm ought to be proportional not merely to the gravity of the harm, but also to the probability of the event.

In the first sense, probability means the degree of belief or approvability of an opinion—the gut view of probability. Scholars use the term "epistemological" to convey this meaning; epistemological refers to the limits of human knowledge not fully analyzable.

We could turn this assertion around and state that a decision should involve the strength of our desire for a particular outcome as well as the degree of our belief about the probability of that outcome.

The prevalence of surprise in the world of business is evidence that uncertainty is more likely to prevail than mathematical probability.

By the way, the odds against making a living in the day-trading business are about the same as the odds against making a living at racetracks, blackjack tables, or video poker.

Randomness is a general model that scientists use for things they do not understand.

Cabe decir que los genios tienen más posibilidades de incurrir en el error que la media.

La partícula que se mueve de tal forma que nos impide predecir la posición que ocupará en un segundo determinado

If a coin comes down heads, that means that the possibility of its coming down tails has collapsed. Until that moment the two possibilities were equal. But on another world, it does come down tails. And when that happens, the two worlds split apart.

The wave function of this situation is going to collapse quite soon.

Anything can happen to anyone, but it usually doesn't. Except when it does.

Son, anything can happen to anyone, my father told me, but it usually doesn't.