‘In this situation, what you started getting was probabilities that disguised uncertainty as opposed to actually providing you with more useful information.’
Barack Obama commenting on making the decision whether to attack a target which evidence suggested could be Osama Bin Laden
This quote is a drawn from an article that John Kay published on his website under the title “The point of probabilities”. The point he is making is
- Similar to one touched on in a Bank Underground post that I discussed in a recent post on my blog.
- Short and worth reading
Tony
From the outside 
4 thoughts on “Probabilities disguising uncertainty”