The Probability Mindset
In a world that is unpredictable, how do we make better choices? The answer is in developing a probability perspective – a set of abilities and proper approaches that allow recognizing the probabilities of different outcomes and making the right decision in a situation that is too complicated to be described in certain terms. Regardless of whether you’re making an investment on the stock exchange, choosing your vocation, or even thinking about whether to take an umbrella with you, having a probability attitude makes you better equipped to make the right decisions. It is not about knowing where we are going to end up in every aspect in life but about knowing the risks and playing them well. Now, let’s define what a probability mindset is, why it is important, and how you can begin to begin to think probabilistically to improve your decision-making.