How To Update Your Beliefs Systematically – Bayes’ Theorem

Here’s a great video that explains Bayes’ theorem with examples and implications for life.

I didn’t say it explicitly in the video, but in my view the Bayesian trap is interpreting events that happen repeatedly as events that happen inevitably. They may be inevitable OR they may simply be the outcome of a series of steps, which likely depend on our behaviour. Yet our expectation of a certain outcome often leads us to behave just as we always have which only ensures that outcome. To escape the Bayesian trap, we must be willing to experiment.


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