“I mean, the world has already done a big, big effort to forget debt to countries heavily indebted and with low income. And that has given good chances to countries to get out of poverty.” WorldMeanCountryDoneBigsGivenChanceForgetEffortPovertyLowsDebtIncomeIndebtedGood ChanceLow Income Author:Rodrigo Rato
“We have to deal with this new type of threat in a way we haven’t yet defined. . . . With a low-probability, high-impact event like this . . . If there’s a one percent chance that Pakistani scientists are helping al Qaeda build or develop a nuclear weapon, we have to treat it as a certainty in terms of our response.” IfsWayHelpingTermChanceDealsEventsHavensTypeWeaponsLowsPercentScientistTreatsImpactThreatResponseNuclearDefinedCertaintyAlsNuclear WeaponsProbabilityAl Qaeda Author:Dick Cheney
“I say that our system of tests and grades, as it now exists, is one source of the low yield of great men from our universities. The marking system is a traumatic experience from which most students emerge with a deep determination never to get into a situation where they can be marked again. They just won't ever again take a chance.” MenChanceEducationSituationStudentsSourceLowsDeterminationTestsUniversityGreat MenGradesYieldTake A ChanceTraumatic Experiences Author:Edwin Land
“Men Wanted for Dangerous Expedition: Low Wages for Long Hours of Arduous Labour under Brutal Conditions; Months of Continual Darkness and Extreme Cold; Great Risk to Life and Limb from Disease, Accidents and Other Hazards; Small Chance of Fame in Case of Success.” MenLongWantedFunnyHoursChanceCasesDarknessRiskConditionsDangerousMonthsColdFameDiseaseSmartLowsExtremesAccidentsCleverLabourBrutalWagesLimbsHazardsExpeditionsGreat RiskLong Hours Author:Ernest Shackleton
“If our eloquence be directed above the heads of our hearers, we shall do no execution. By pointing our arguments low, we stand a chance of hitting their hearts as well as their heads. In addressing angels, we could hardly raise our eloquence too high; but we must remember that men are not angels.” IfsMenWellsHeartRememberChanceLowsAngelArgumentRaisesExecutionHittingPointingEloquenceOratory Book:Lacon: Or Many Things in Few Words, Addressed to Those who Think Source: Lacon: Or Many Things in Few Words, Addressed to Those who Think
“If you are low income in the United States, you have a higher chance of going to jail than getting a 4-year degree.” IfsYearsStatesChanceUnitedUnited StatesHigherDegreesLowsIncomeJailLow Income Author:Bill Gates
“The difficulty in judging what type of behavior works well arises not only because a given course of action does not always produce the outcomes. Similar outcomes can occur for reasons other than the person's actions, which further complicates inferential judgment. Effects that arise independently of one's actions distort the influence of similar effects produced by the actions, but only on some occasions. Given a strong cognitive set to perceive regularities, even chance joint occurrences of events can be easily misjudged as genuine relationships of low contingent probability” WellsPersonsDoeReasonActionCoursesStrongGivenChanceInfluenceEffectsEventsProduceJudgingTypeBehaviorJudgmentLowsDifficultyGenuineAriseOccasionsPerceiveOutcomesProbabilityJointsCognitiveRegularitySelf Efficacy Author:Albert Bandura
“If zero percent of the elites support something, very low chance it's going to pass, if 100% support something, very high chance it's going to pass. Same thing for organized interest groups. But for the average voter, it's a flat line. Which says it doesn't matter whether zero percent of the public believes something or 100% of the average voters believe something - it doesn't affect the probability that that thing will be enacted.” IfsBelieveMatterInterestLinesChanceSupportGroupsLowsPercentAverageOrganizedFlatsZeroVotersElitesProbabilityInterest Groups Author:Lawrence Lessig
“When you're a pilot, and you know all the ways to survive an airplane crash and how low the chances are, you feel safer.” KnowsWayFeelsChanceLowsPilotsAirplaneCrashChances AreAirplane Crashes Author:Chloe Grace Moretz
“Investors frequently benefit from making decisions with less than perfect knowledge and are well rewarded for bearing the risk of uncertainty. The time other investors spend delving into the last unanswered detail may cost them the chance to buy into situations at prices so low they offer a margin of safety despite the incomplete information” WellsMayLastsChanceDecisionPerfectSituationRiskInformationCostOffersBenefitsLowsSafetyDetailsDespiteUncertaintyInvestorsMarginsIncompleteMaking DecisionsUnansweredDelvingIncomplete Information Author:Seth Klarman