July 8, 2026 - Ronell Smith

The price of the $100,000 fish

July 9, 2026July 8, 2026 by Ronell

The equation V = p × $100,000, with a gauge showing only ~30% ($30,000) as the fish's real expected value.

This story has stayed with me since I first read it. For a while I couldn’t say why. It reads like an anecdote about trust, and anecdotes about trust are cheap. What gave me the language to explain it was Haim Shapira’s Probably the Best Book on Statistics Ever Written: How to Beat the Odds … Read more

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