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Thanks Annie! I was struck reading a news item this morning about how often we speak and write in terms that are misleading. In Morning Brew newsletter, it was written "The perceived likelihood of a recession also fell to the lowest level of 2023—though two-thirds of Americans still think one is either “somewhat” or “very likely” to happen in the next year." I think the exercise for assigning percentages to probablistic terms is one of the best teaching tools we have and it brings awareness to our need to improve our decision making.
Thanks Annie! I was struck reading a news item this morning about how often we speak and write in terms that are misleading. In Morning Brew newsletter, it was written "The perceived likelihood of a recession also fell to the lowest level of 2023—though two-thirds of Americans still think one is either “somewhat” or “very likely” to happen in the next year." I think the exercise for assigning percentages to probablistic terms is one of the best teaching tools we have and it brings awareness to our need to improve our decision making.