“I used to buy lottery tickets every day but now I understand the negative expectation of the gamble and the diminishing marginal utility of the ticket, so I don’t.”
A doctor says “I now realize that I was giving my patients terrible advice about what it meant when a test showed positive for a disease. Now that I have been inducted into the Secret Order of Bayes, My advice on that is much better now.”
Or even better:
“I used to buy lottery tickets every day but now I understand the negative expectation of the gamble and the diminishing marginal utility of the ticket, so I don’t.”
A doctor says “I now realize that I was giving my patients terrible advice about what it meant when a test showed positive for a disease. Now that I have been inducted into the Secret Order of Bayes, My advice on that is much better now.”
.… etc.