Change Quote by Richard P. Feynman
““It is probably better to realize that the probability concept is in a sense subjective, that it is always based on uncertain knowledge, and that its quantitative evaluation is subject to change as we obtain more information.””
About This Quote
Source Lecture: The Character of Physical Law, Richard Feynman, 1965
Probability reflects personal belief based on limited knowledge, and updates as new data arrive, showing its inherent subjectivity.
In simple terms: Probability depends on what we know and changes with new info.
Accept uncertainty and revise beliefs.
Themes
Mood
Type
When to use this quote
- risk assessment
- medical diagnosis
- weather forecasting
- financial modeling
- policy making
Key Concepts
Questions to Reflect On
- What evidence would change your probability estimate?
- How do you handle uncertainty in decisions?
Assuming objectivity can cause overconfidence.