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Will learning some basic probability improve our decision - making skills? In the Harvard Business Review article cited for this question, the authors suggest that
Will learning some basic probability improve our decisionmaking skills?
In the Harvard Business Review article cited for this question, the authors suggest that learning even basic probability will enable us to think more probabilistically, eventually increasing our "decisionmaking skills" eventually. Do you agree or disagree with this claim? While the authors' claim is researchedback, do you have any personal experiences using your probability knowledge to make better decisions? Did you observe any changes in your thinking after getting familiar with basic probability knowledge?
The authors believe even a basic knowledge of probability will make us ask, "how often this phenomenon happens?" more frequently. This question will help us better understand situations.
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