Good decision making in extremely important for one's business, career and life in general. Is there a way to be certain about the choice to make?
✨What if I tell you there is a 250+-year-old theorem that can help.
Bayes' theorem 🌈
I know you all must be thinking that why the hell I would do all this complex math to make decisions. Well, the truth is you don't always have to.
To put this theorem in a simpler term, degree of belief, expressed as a probability should rationally change to account for the availability of related evidence. Means that with each new pieces of information the probability will change. For example, Your son tells you that he going out with a friend, you can believe that he going with a guy as 90% of his friends are male. But the believe can change if he tells that his friend has long blonde hair. We all do this subconsciously in everyday life, Human brains are naturally capable of doing this. Here are some pointers based on Bayes' theorem to improve your decision-making skills for your business or startup.
So that's it if you want to dive deep into Bayes' theorem check out this "You Know I’m All About that Bayes" and if you some other way of making decisions share in comment sections. 👇🏼
In case you want to chit chat, ping me on Twitter. Hope you liked it, See you next time till then