But you will never guess that the latest tik-tok craze will last another 50 years, and you'll never guess that Saturday Night Live (which premiered in 1075) will end 5-minutes from now. Your guesses are thus more likely to be accurate than if you ignored the information about how long something has lasted so far.
tsimionescu|4 months ago
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.
brody_hamer|4 months ago
- 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.
post-it|4 months ago
> Well, there’s nothing special about the timing of my visit. I’m just travelling—you know, Europe on five dollars a day—and I’m observing the Wall because it happens to be here.
It's relatively unlikely that you'd visit the Berlin Wall shortly after it's erected or shortly before it falls, and quite likely that you'd visit it somewhere in the middle.
devnullbrain|4 months ago
Well 1/3 of the examples you gave were right.
delichon|4 months ago
They probably had a great skit about the revolt of the Earls against William the Conquerer.