Probability senses tingling batman!
December 11, 2005 7:38 AM Subscribe
Experts can suck at predicting the future.
Their intuitive sense of probability is no more developed than lay-people's. A classic experiment is to present two indistinguishable choices are presented, but with unequal probability of reward. Humans look for complex patterns, which don't exist, and preform quite poorly. Rats quickly recognize the choice with higher probability, and preform optimally.