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What Can Happen When a Physical Situation Lends Itself to Computing

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Essay

What can happen when a physical situation lends itself to computing a relative-frequency probability, but people ignore that information and go with their 'intuition'?


Definitions:

Risk

The potential for loss or the uncertainty regarding the outcome of an action or decision.

United States

A country located primarily in North America, composed of 50 states, a federal district, five major self-governing territories, and various possessions.

Entrepreneurship

The process of designing, launching, and managing a new business venture, typically characterized by innovation, risk-taking, and the pursuit of profit.

Tolerance for Ambiguity

The capacity to remain comfortable and composed in situations that are unclear, uncertain, or have unpredictable outcomes.

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