Sunday, December 21, 2014

Quote of the Day

Chance is commonly viewed as a self-correcting process in which a deviation in one direction induces a deviation in the opposite direction to restore the equilibrium. In fact, deviations are not "corrected" as a chance process unfolds, they are merely diluted.
- Amos Tversky, Judgment Under Uncertainty: Heuristics and Biases

No comments: