‘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