Re:I graduated into the dot com bust as a programmer and mad...
by dmd on Thursday April 09, 2020 @10:40AM
(#22822958)
> if you take a 0.3% chance every day, you'll land it once a year.
"actualllyyy" you've got a 2 in 3 chance of landing it each year.
1-((1-(0.3/100))^365) = 0.66
EDIT: stop upvoting me, he's right. The question isn't "what is the probability of at least one success in a year", but rather "how many trials, on average, does it take to get one success" - and the answer to THAT is in fact 333, from the geometric distribution.
Re:I graduated into the dot com bust as a programmer and mad...
by socketnaut on Thursday April 09, 2020 @11:06AM
(#22823235)
“actualllllyyyyy” he’s saying something different. If you take a 0.3% chance for N days where N is large, you’ll land it 0.003N times, or once every ~333 days.
The chance of landing it within any particular window of K days is a different concept (which you showed how to reason about).
Re:I graduated into the dot com bust as a programmer and mad...
by dmd on Thursday April 09, 2020 @11:46AM
(#22823650)
You're right! Edited my comment.
Re:I graduated into the dot com bust as a programmer and mad...
by lalaithion on Thursday April 09, 2020 @11:46AM
(#22823649)
But you've also got a 20% chance of landing it twice and a 7% chance of landing it three times and a 2% chance of landing it four times and so, on average, you'll land it every 333 days.
Re:I graduated into the dot com bust as a programmer and mad...
by electricstate on Thursday April 09, 2020 @11:10AM
(#22823277)
> Essentially I believe it comes down to the fact that if you take a 0.3% chance every day, you'll land it once a year.
This is very true. Life is like poker, not chess. On that front everyone should read Thinking in Bets by Annie Duke.
I've experienced this too, & entered the profession in 2011 without completing post secondary
Essentially I believe it comes down to the fact that if you take a 0.3% chance every day, you'll land it once a year. When you're just trying to scrape by you won't make take those odds. But if you're passionate you're not thinking about those odds, they're a byproduct of your passion
Prefer opportunism to goal setting