It’s one of those phrases I just kinda nod my head and go “yeah” when I hear it. I’ve looked it up before, but the definition never stuck. Same thing happened with “survivorship bias,” but I eventually figured that one out.
I guess I need it explained in a different way for it to stick.
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Another way to see it is that mutually exclusive things DON’T OVERLAP with one another.
In analysis, the term MECE (Mutually Exclusive, Collectively Exhaustive) is often used.
It means the ideas to solution a problem have to be DISTINCT and NOT INTERFERE with one another, while all collectively covering all facets of the problem.
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