Fooled by Randomness ( or may be not)
Some "random" thoughts on probabilities and randomness :) When you are hoping or going for something long shot, how do you even assess if you are even on the right track or getting closer? I mean even from a purely simple Bayesian perspective, the probability of A ( the thing you are hoping / going for) given B ( a random event which may or may not be connected to A in any way) isn't likely to be all that different from the apriori probability of A, given that both of them are likely small, even if the chances of the former may have improved a trifle. On one hand, its easy to be fooled by randomness and on the other hand, its also easy to miss patterns which could potentially validate I guess ultimately it boils down to what one wants to beleive? And then there's also the difference between hoping for a long shot and actually going for a long shot. Hoping is ultimately cost free, but for the eventual disappointment at some eventual point of reck...