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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Here’s a perfect example, with a classic turn of phrase: “you can’t eat your cake and have it too”
Those conditions are exclusive – you either have cake or you ate it, can’t have both! They’re mutually exclusive
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