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Re:Why Do Rich People Love Endurance Sports? (2017) by testvox on Tuesday January 29, 2019 @10:48AM (#19027238)
Yeah it certainly still tells you something, but most people's intuitions about probability mislead them about the amount of information contained. Its like how people can be lead to believe they have a very rare disease if they test positive for it. Just because most people who have the disease test positive for it doesn't mean you can just ignore the prior probability that the disease is extremely rare in the first place, so you still likely don't have it. https://en.wikipedia.org/wiki/Base_rate_fallacy
Re:Why Do Rich People Love Endurance Sports? (2017) by dominotw on Tuesday January 29, 2019 @10:54AM (#19027309)
Thats the prototypical example used in all bayes theorem explantions :D.