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Probability

Michael Covel (February 16, 2005)

Long streaks are, and must be, a matter of extraordinary luck imposed on great skill.
Stephen Jay Gould

Download the Adobe .pdf report.

The big point?

The central message is that across domains, long streaks typically indicate skill. And since humans have a hard time relating to all but the easiest probabilities, we often fail to see the significance of streaks.

Michael Mauboussin offers clarity on perception, probability, and skill. Download white paper above.

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