INTERESTING: What’s “possible”?

http://cafehayek.com/2012/01/two-caplan-gems.html

Two Caplan Gems
by Don Boudreaux on January 8, 2012

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I tell my students that time is too short to worry about what’s merely possible.  Nearly everything that is possible will never occur.  The range of the possible is enormously larger than is the range of the plausible; the range of the plausible is larger than is the range of the probable; and the range of the probable is bigger than what (if we’re speaking of the past) has actually occurred or (if we’re speaking of the future) what will actually occur.

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“Possible”  >  “Plausible”  >  “Probable”  >  ( “actually occurred” | “actually will occur” )

BUT, (and there is always a BIG butt) …

∑( “Possible”  | “Plausible”  |  “Probable” ) = 1

What I’d call: “Someone always wins the Lotto!”

So, perhaps life is too short.

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