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This simple and clever algebraic calculation allows us to overcome the unsolvable 'long term hypothetical repetitions' inherent issue of the classic method.
That is, what is the posterior or 'current probability' (not the probability in the long term of hypothetical trial repetitions) of observing this outcome in a given trial or population.
As Tirado explains, "if you're working low wages, the whole concept of saving and investing goes away because you don't have the luxury of that long term; it's hypothetical".
For instance, in the long term, the collapse of a hypothetical matter cube will not result in a cube-shaped black hole.
"Think long term," he said.
Long term?
What about long term?
Long term, it.
Long term savings?
But long term?
Long term planning?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com