Convert Opinions into Facts
Pg.69 : Seneca : Letters from a Stoic
People trust and attach to opinion rather than looking into Facts; rather than testing out their opinions;
Why? Because fact assessment takes guts ; Fact assessment takes effort.
And when it comes to dealing with others , you can give out opinions but you cannot convince enough;
If there is one take away from my MBA course: it is the following:
However good your opinion may sound – its not good enough – unless you test it out
So I am proposing a opinion tester tool that the statisticians use :
- Take the opinion
- Form Null and Alternate Hypothesis
a. Alternate Hypothesis : What you think is true? - Ex., I have to buy that Property due to it potential value increase in 5 years
b. Null Hypothesis : Not enough data to prove Alternate Hypothesis
3. Collect Data
4.Do the experiments to verify
5.Prove / Fail to prove Alternate hypothesis
Opinions are merely pet-peeves or quibbles , unless you test , test and test!
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