How to probability of success

Name: How to probability of success
Uploaded: 2024-08-23T12:01:16+00:00
Duration: 33 s
Channel: Nate Kennedy
Description: A short YouTube video by Nate Kennedy on estimating "probability of success" in business and life. Kennedy argues we use past experience, current…

23 Aug 2024 · 1 min

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A short YouTube video by Nate Kennedy on estimating "probability of success" in business and life. Kennedy argues we use past experience, current information, and ego to make decisions; staying in the game longer increases experience and therefore the chance of making the right decisions and reducing risk.

Chapters

So we calculate probability of success in business and life every day. We do that based on our past experiences, current information, and a little bit of ego. The key is to make the decision the best decision possible and actually live with it. And if that decision's wrong, you go ahead and adjust. And if that decision's right, congratulations, you made it. The thing is, the more experience we gain, the better and increased probability we have of making the right decisions. So the longer you stay in the game, the better off you're going to be with making decisions and reducing the risk that you have.