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Laplace's demon

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worth of the decision is determined by expected value and not the outcome

Evergreen [[outcome bias]] decision expected value decision-making process Value of information strategy many worlds randomness Laplace's demon make-public

Even the best strategy sometimes yields bad results

en decision-making process Value of information strategy many worlds randomness Laplace's demon make-public

worth of the decision is determined by expected value and not the outcome

There is always uncertainty about how any given decision would play out. This is caused by our lack of knowledge about the world and our inability to predict it. Only Laplace's demon can make a perfect decision.

Laplace's demon