Quote from Daniel Kahneman

Amos and I called our first joint article “Belief...

2018-05-01

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Amos and I called our first joint article “Belief in the Law of Small Numbers.” We explained, tongue-in-cheek, that “intuitions about random sampling appear to satisfy the law of small numbers, which asserts that the law of large numbers applies to small numbers as well.” We also included a strongly worded recommendation that researchers regard their “statistical intuitions with proper suspicion and replace impression formation by computation whenever possible.

Daniel Kahneman
Daniel Kahneman in "Thinking, Fast and Slow"

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