Even more important, I think, is the realization that, to decide how much you’re willing to bet on a specific outcome, all of the following are essentially the same:
you do have the information to calculate it but haven’t calculated it yet
you don’t have the information to calculate it but know how to obtain such information.
you don’t have the information to calculate it
The bottom line is that you don’t know what the next value will be, and that’s the only thing that matters.
Even more important, I think, is the realization that, to decide how much you’re willing to bet on a specific outcome, all of the following are essentially the same:
you do have the information to calculate it but haven’t calculated it yet
you don’t have the information to calculate it but know how to obtain such information.
you don’t have the information to calculate it
The bottom line is that you don’t know what the next value will be, and that’s the only thing that matters.