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What process do you use when you settle on a percentage when predicting the likelihood of something happening?
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I guess it's different depending on the scenario. The situation you mention it would be, is it a friend, have they cancelled before, what are their tendencies to follow through what they say etc
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I think to myself “if I were to repeat this same event in the same set of circumstances 10 times, the likelihood is that the thing would happen X times out of the 10.” And I feel it out from there.