[alok-g]

Beautiful. I had never heard of baseline and situational luck before. I am going to read more on the topic. :-)

I'm wondering what would be the formal definitions of these two. Is birth separating them? From a mathematical standpoint, could there be continuity between these two?

Thanks.

[kazinator]

It's just "conditional probability", explained for simpletons.

This lets us reason about the probability of new events separately from the probability of having arrived at that situation.

[alok-g]

Ok. In that case, I have just learned simpleton terminology for this. :-) (Conditional probability, I already understand, of course.)