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by tsimionescu
237 days ago
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Sure, but the opposite also applies. If in 1969 you guessed that the wall would last another 20 years, then in 1989, you'll guess that the wall of Berlin will last another 40 years - when in fact it was about to fall. And in 1949, when the wall was a few months old, you'll guess that it will last for a few months at most. So no, you're not very likely to be right at all. Now sure, if you guess "50 years" for every event, your average error rate will be even worse, across all possible events. But it is absolutely not true that it's more likely that SNL will last for another 50 years as it is that it will last for another 10 years. They are all exactly as likely, given the information we have today. |
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- In 1969 (8 years after the wall was erected): You'd calculate that there's a 50% chance that the wall will fall between 1972 (8x4/3=11 years) and 1993 (8x4=32 years)
- In 1989 (28 years after the wall was erected): You'd calculate that there's a 50% chance that the wall will fall between 1998 (28x4/3=37 years) and 2073 (28x4=112 years)
- In 1961 (when the wall was, say, 6 months old): You'd calculate that there's a 50% chance that the wall will fall between 1961 (0.5x4/3=0.667 years) and 1963 (0.5x4=2 years)
I found doing the math helped to point out how wide of a range the estimate provides. And 50% of the times you use this estimation method; your estimate will correctly be within this estimated range. It's also worth pointing out that, if your visit was at a random moment between 1961 and 1989, there's only a 3.6% chance that you visited in the final year of its 28 year span, and 1.8% chance that you visited in the first 6 months.