"Either way, whoever hopes to think clearly **must understand the difference between risk and uncertainty**. Only in very few areas can we count on clear probabilities: casinos, coin tosses and probability textbooks. **Often we are left with troublesome ambiguity**. Learn to take it in stride." -- --- **Tags** — [[quotes]], [[uncertainty]], [[ambiguity-aversion]], [[fooled-by-randomness]], [[probabilistic-thinking]], [[base-rate-neglect]], [[availability-bias]], [[what-you-see-is-all-there-is]] **Source** — [[202308101525 — B — The Art of Thinking Clearly]]