Book Summaries
Chapter 10: The Law of Small Numbers
P.113) Even professional statisticians, in addition to Kahneman and other psychologists use their judgement to select sample size rather than compute and this results in results that cannot be conclusive. Kahneman called this phenomenon the “law of small numbers.
P.113) Even professional statisticians, in addition to Kahneman and other psychologists use their judgement to select sample size rather than compute and this results in results that cannot be conclusive. Kahneman called this phenomenon the “law of small numbers.”
Note: If a complex problem cannot be solved by System 2 – System 1 finds a shortcut.
YARPP List
Related posts:
- Will It Fly Summary (7/10)
- Modern Man in Search of a Soul Summary (8/10)
- Part 2: Stir Up The Transgressive and Taboo (The Art of Seduction)
- Chapter 19: And They Lived Happily Every After (Sapiens)
Keep Reading
Related Articles
Book Summaries
Perfect Timing (The Art of Wordly Wisdom)
> In Acting or Refraining, weigh your Luck. More depends on that than on noticing yourtemperament. If he is a fool who at forty applies to Hippocrates for health, still more is he onewho then first applies to Seneca for wisdom.
Book Summaries
How Healing Works Summary (9/10)
Wayne Jonas worked as a director of the Office of Alternative Medicine at the National Institutes of Health (NIH), and as a research scientist at the World Health Organization (WHO), Walter Reed Army Institute of Research, and Samueli Institute.
Book Summaries
Modern Man in Search of a Soul Summary (8/10)
Jung first describes the significance of the products of your subconscious. You consciously suppress the importance of your dreams, but they offer you different kinds of information that can be very powerful.
Book Summaries
The Allure of Investing in Gold
In August 2025, gold glitters near $3,350 per ounce, a fresh all-time high after climbing over 30% this year alone.