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Mark_Friedenbach comments on Look for the Next Tech Gold Rush? - Less Wrong Discussion

34 Post author: Wei_Dai 19 July 2014 10:08AM

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Comment author: [deleted] 21 July 2014 01:19:20PM 0 points [-]

"The odds were against them" doesn't mean they were lucky. It means they beat the odds. They made their own luck, as the saying goes. Frequentism doesn't apply here. They are picking winners, not pulling them randomly from an evenly distributed set.