It’s a good question. If you ever do, say, project estimates at work, and look back at your track record, most of us would give 99% odds of completion to some project within a given time (well padded to make it that high), and still notice that we go over time and/or over budget way more often than that. There are exceptions, but in general we suck at taking into account long tails.
It’s a good question. If you ever do, say, project estimates at work, and look back at your track record, most of us would give 99% odds of completion to some project within a given time (well padded to make it that high), and still notice that we go over time and/or over budget way more often than that. There are exceptions, but in general we suck at taking into account long tails.