Situations (many of them tragicomical) where the left column is mistaken for the right one
Table of Confusion
GENERAL
Luck - Skills
Randomness - Determinism
Probability - Certainty
Belief, conjecture - Knowledge, certitude
Theory - Reality
Anecdote, coincidence - Causality, law
Forecast - Prophecy
MARKET PERFORMANCE
Lucky idiot - Skilled investor
Survivorship bias - Market outperformance
FINANCE
Volatility - Return (or drift)
Stochastic variable - Deterministic variable
PHYSICS AND ENGINEERING
Noise - Signal
LITERARY CRITICISM
None (literary critics do - Symbol
not seem to have a name
for things they do not
understand)
PHILOSOPHY OF SCIENCE
Epistemic probability - Physical probability
Induction - Deduction
Synthetic proposition - Analytic proposition
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