Probabilistic Thinking: Reasoning Under Uncertainty With Bayesian Logic
You make thousands of decisions under uncertainty every year — and most of them wrong, for a specific and fixable reason.
Most people think in binaries of “right or wrong,” but the future is a distribution of possibilities. We teach you how to think in bets, assigning confidence intervals to your predictions just like professional traders. This shift in mindset protects you from overconfidence and helps you manage risk effectively.
You make thousands of decisions under uncertainty every year — and most of them wrong, for a specific and fixable reason.
A 20-scenario, evidence-based self-reflection across five dimensions of probabilistic thinking – confidence calibration, base-rate use, outside-view discipline, belief updating, and overconfidence patterns – to surface where systematic biases are shaping your decisions.
A 90-day programme in calibrated reasoning and probability estimation
The science of overconfidence bias: experts at 98% confidence are right 68% of the time. Research on why certainty fails and how to calibrate judgment.
The neuroscience of the placebo effect: how expectation activates opioids, dopamine, and endocannabinoids to produce measurable biological change. 52 sources.
Bayes’ theorem is a rule for revising probability estimates in light of new evidence. Learn the formula, base-rate neglect, and how to apply it.
Prospect theory describes how people evaluate outcomes relative to a reference point, with losses weighing roughly twice as heavily as equivalent gains.
Antifragility is the property of gaining capability from disorder, not just surviving it. Taleb’s framework for systems that improve under stress.
A black swan is a rare, high-impact event outside normal probability models, rationalised as foreseeable only in hindsight. Coined by Nassim Taleb.
Expected value is the probability-weighted average of possible outcomes. The EV formula, how cognitive biases distort it, and professional applications.