Saturday, September 24, 2016

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

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