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🎯 Here are some key takeaways:
Educate everyone on probability
Most people on your team will not be experts in statistics and probability. Provide the team with clear explanations about how probability works and the applicable principles to help them make informed decisions.
Use simple language
Present information using straightforward language and avoid jargon that might confuse the team and lead to erroneous judgments.
Utilize visual aids
Incorporate data visualization when possible to help the team understand the likelihood of events and make more rational choices based on the presented data.
Keep it simple
Don’t assume elaborate conclusions make the most sense, when in reality they may be the most unlikely scenarios. Don’t allow your stereotypes and biases to cloud your judgment.
Understand the stakes
Like most of the biases related to statistics and probably it may be necessary to act before having all the data. Assume the right risks when necessary and always ask “What if we’re wrong?”