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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It means both things can’t be true/exist at the same time. Example, if you flip a coin, it will either come up heads or tails, but it will not come up both heads and tails. It has to be one or the other
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