Law Of Averages - How To Be Successful In Anything You Do
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- Опубликовано: 14 окт 2024
- The Law Of Averages is one of the most commonly taught concepts in the sales world. Find out why it's so powerful and how you can use it to find success in your life.
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moral of the story is to never give up in whatever you do in life
Just got tricked it to watching a motivation video. •_•
Improvement Pill You're Awesome!!!! hahaha
what if you will start to hurt other people by being too persistent? sometimes you have to give up, in order to stop people feeling bad, I think.
@@forsetti84 who cares what others think
@@juankroosfrausto7411 well if you have a heart you will care
You should probably put a disclaimer in the video about how you shouldn't use the law of averages in gambling...
Not true...I've actually won back more than I've spent gambling. I had one week where I won money every single day.....Although..I don't suggest anyone depend on gambling especially if they have an addictive personality then it may become a problem.
Ginsuma sports? racing?
Seki Uce
sports, racing, card games, and the occasional scratch ticket
It still applies - but in this scenario you are spending money for every hand you buy into and will *most likely* end up winning less money than the amount used to buy in.
Seki Uce it only applies to life lol
This video is basically a fancy way of saying PERSISTENCE. Yes, persistence is one of the few keys to success in ANYTHING in life. Failure is always temporary and a win/success is inevitable as long as you keep trying and keep on going.
TennisUmpire TV you could also say success is temporary. There is no steady state of success or failure. It will always go back and forth. Same with anything in life. Nothing lasts forever.
Well, once you get through dozens of not hundreds of encounters of failure, you will start seeing & experiencing success at a MUCH higher rate, %, & frequency. You go from beginner to advanced to a "master" if you keep it whatever it is long enough, and at that point you will undoubtedly experience much less failure than in the start.
That's the beauty of grinding it out initially - a short term investment for a lifetime of benefits at whatever it may be.
TennisUmpire TV true. However, you could grind it out forever and not make much progress if you are not aware of the problem/failure and use the proper strategy to overcome it. You have to learn from your mistakes, not just keep going. Btw, there is no level of beginner to advanced to master. You can leapfrog to greater results by using specific strategies depending on your goal. Look at billionaires. You can't become a billionaire by saving money. No matter how much you save, a billion dollars is unattainable. By building a business with unlimited financial potential or investing in high quality companies like Warren Buffet, you have a higher chance of making a billion. Being intelligent and working hard will help attain better results than just grinding it out.
Yes, of course, I never said that grinding it out is the only key to achieving massive success. And yes, systems help when starting out, and yes you have to learn from mistakes and work hard & smart; but if you give up when it gets hard (esp in the beginning) if things don't work out as planned - you'll never achieve anything great in life. That's the point of this video and the idea of persistence.
80% hard,
10% medium,
1% easy,
Now please tell me where the other 9% went? They weren't home?
Watzegik Datzegik i guess that 9% is the most random people's. if you're lucky that 9% will be another easy/medium if not that 9% will be the hard one
hahahaha
I guess someone lost their patience on those.
Watzegik Datzegik It went to the law of averages. lol
His numbers were arbitrary because it's just for the purpose of explaining the general concept!! Averages can change dramatically, depending on the situation but it still holds true. It is important to try to at least somewhat identify the Averages in whatever you're dealing with!!
Dangerous message to take in. Some might understand it as : "-Keep hitting your head on the wall, and eventually the wall breaks."
SmartTheDumb That's a good point. How would you suggest I take it?
No idea. I'm a victim of over persistence too. In some cases it worked beautifully, in other cases I got tragic outcomes. But in the end it all ends up on the experience bucket.
SmartTheDumb So basically, just use my intelligence as well as I can to know if it's a proper situation to apply the concept in.
Isn't that why we have it in the first place? The law of average applies to all things, even if we aren't aware of it. Though, it doesn't equate to a positive outcome in all cases.
SmartTheDumb Yes I do believe it's why we have it, but living through this life with so many foolish people being brainwashed by so many things in everyday life, corrupted morals etc. I've lost that natural inclination to be smart and use my brain to learn things. I have to conciously force myself to adopt new concepts because I know they will be beneficial. But the good news is, I'm slowly but surely going back toward that healthy original mindset I had when I was little.
Just don't tell that to someone with a gambling problem XD
James Last if you keep playing...you are going to win
James Last
too late I lost my house already.
You probably should, if they understood the message correctly, this will actually help them.
Since *on average* you lose money gambling, therefore if they keep gambling, they will lose money as well.
The problem is that in this example your expected value is always positive, meanwhile while you're gambling you have a negative value. So if you're gambling and you keep playing you eventually lose all your money
James Last According to the video's concept, gamblers will gradually lose money cuz those games are designed to lose ppl's money. It's only worth it for salesmen-type situation since they don't have to risk any money to knock on doors
I've unknowingly applied this with my studies. Like when you don't understand a topic, you just read it over and over and over and each time you learn a bit of it. And maybe for the 100th time, you've covered the entire topic.
As a Junior Developer I applied to about 200 jobs. I was baffled when after 190~ rejections I got two offers back to back that I easily was accepted for, immediately after having the most horrible interview where the interviewer was extremely rude and just hung up on me (turns out he was looking for a senior dev). Law of averages definitely applies to job hunting, no matter how demoralizing the experience you just have to keep playing the game.
The "easy consumer" normally being an elderly women with Alzheimer's
Joseff Dunn Is this supposed to be joke ?
goal- oriented no just true
nah elders never wanna change the cable providers. almost impossible to do that, and if elders are not in a stable mind. You wont get a commission for that as well.
elders never sign anything. When i did door to door marketing to pay for my youtube equipment, elders wouldnt sign the thing for a free phonecall
+goal- oriented be quiet
wow this video once a day will be enough to change my life or anyone's for that matter
Now you have 106k subs. Great
@@ranjitn159 to this day I keep in mind the law of averages!
"The likelihood of certain events evens out if the frequency is increased." Key word: frequency.
This video changed my life, a year ago I was a nobody dreaming to become successful in RUclips but depressed because it seem impossible. Now I'm the proud owner of the channel Alpha Test with 65k subscribers and growing.. Thank you so much
Ps: this is my secondary channel, mainly for personal use
Why you not upload anymore?
Awesome presentation! I learned that very early in my life, when doing sales. I have experienced all types. When you get to the point where u are prepared, you're not afraid of "no" and you're persistent in something worthwhile, you WILL win. The easy people make you smile and help you to keep going.
The Law of Averages makes you waste valuable time, energies and money. A good salesman, for instance, should study the Pareto's Law instead (the 80/20 rule) and try hard to understand how to apply it in his specific circumstances and how to identify the commonalities of the minority of people with higher chances of saying Yes, and stop harassing the other 80-90% who don't really care
Wow! you are amazing!!
Well that will cause Inaction for sure. Because you're strategically planning everything
Pareto principle assumes binomial distribution wherein each trial is independent of each other
New orleans x. Rio de Janeiro
Ok, but while doing and going foward with the Law of Averages we get learning at the same time about what 20% does the 80% of results.
Basically you need to have that never giving up mentality. As always a great video, thank you for sharing :)
With Eddie Howe as coach and an injury free Wilshire XD
This has the law of average contained within it, but the maker of this video has a lot to learn about the law of averages. The application proposed here leads to a dangerous fallacy in execution. This occurs when a player uses the law of averages to conclude that because a certain outcome has transpired for a certain amount of executions, that the likelihood of opposing outcomes in the future increases. This is simply not the case and is known as the gambler's fallacy.
Study randomness, law of averages, and gambler's fallacy.
💭💭💭
It's not a gambler's fallacy in my und er standing since you don't approach the same wo man/knock at the same door twice.
You've got this a bit wrong. If I'm planning on buying a lottery ticket the next 100 times my chance of winning is far higher than if I only plan on buying the next 10 times.
However, if I bought 99 tickets and didn't win anything my chance of winning now is _exactly_ the same as if I initially decided to only buy a single ticket. That's the sunken cost fallacy.
Now, the law of averages says that if I'm increasing my sample size (in this case, lottery tickets) I'm eventually going to see the expected distribution. Problem is, the expected distribution in the lottery is usually about one to several million. Assuming you live a hundred years and you buy a ticket every week, from birth on, you will have bought about 5200 tickets. That's not even a noteworthy decimal place of chance to actually win something. If you want to have an acceptable chance of the law of averages kicking in, you need to buy about 2700 tickets _every week_ for a hundred years.
@ThoObe But you have to assume the events of approaching different customers are independent.
are the lottery ticket numbers chosen for you where you're from? here in the UK, we select the numbers so buying 100 tickets does give you a greater chance of winning than buying 99 does.
After this vid had appeared in my recommendation 5 times, I finally watched it. Then I watched all of your videos. What a nice video 😀
I am a Business Mentor who has helped start, launch, or grow over 1,000 businesses, and I have to say that this is the BEST description of the Law of Averages I have seen so far! Great job! I'll be sharing this. Would you mind if I reposted some of the content with links to your page?
sir u amazing 14k to 1.4 Million happy to see you on 14 million soon keep going
Amazing. This video talks about something I have applied my whole life without giving it a name. I can basically summarize it to my fellow viewers and explain it in a different way: think about moments you were unlucky in your life (a Poker hand that you lost, the amount of enemies you killed in a videogame without getting a good drop, poor investment returns, trying to score a penalty in a football game with friends only to realize you failed it). The bottom line is: you should be thankful for every BAD LUCK you had in your life, because by definition, since you cannot be unluckier than everybody else, you know that it is LESS LIKELY that you will be unlucky again the next time you shoot a penalty, or the next time you kill a certain NPC or the next time you play a poker hand. People have to have the same amount of luck in their life in the long run (provided you're not the unluckiest person on earth), that's Probability folks. That's why you shouldn't feel bad when you bumped into an AA (Aces) poker hand with your KK, because the next time it's gonna be you who will be holding the AA and win against the Kings (KK). After playing a substantial amount of games, all poker players in the world would have been given the same cards over their lifetime, it's just a matter of playing it long enough (there's a 1/218 chance that you will get AA). That's one way of looking at things, I didn't know this law had a name, now I do. I have been using it for my own benefit. Hope I made myself clear and I wish you all good luck ;)!
This is the exact kind of video I needed today after having a rough streak with dating rejection. Thanks for making it!
I always come back here whenever I'm feeling down and like giving up. It keeps me motivated to go on... The more times we take action, we get closer to our goal. Thank you for this video. It works everytime ❤
This video was very cute but as an AP stat student had me cringing so unbelievably hard. The law of averages is not statistically true at all. I believe the law he was in fact trying to reference was the law of large numbers.
Improvement Pill Well that's an issue, since you made an entire video about it.
Improvement Pill are u kidding me??? 😂😂😂😂😂😂😂
Everybody makes mistakes..... Anyone interested should do much more research themselves anyway. I didn't take this as a "This is how it is" video but, rather, as an intro to a basic concept!! This is actually a very complex concept and a short video is only gonna be an intro so I didn't elect perfection. I guess my expectations made this ok to me because I had NO problem with it overall
hahahahaha wtf
the moron might want to take this video down and IMPROVE on his idiocy, oh the irony
in 3 words : Never give up
This video is exactly what I needed to hear, a long time ago I had this mindset, but lately I forgot I thought like this, thus I couldn't figure out why I was so much happier a long time ago. Thank you for once again reminding me who I was, I deeply appreciate this!
I clicked because I also did door to door sales and I also learned about the law of averages. It has also stuck with me and helps me deal better with rejection especially by ppl. Thanks for the video man ☺
It will help a bit with persistence, but it's a dirty like that really shouldn't be encouraged. Continuing into the future if you haven't changed anything, does not guarantee that things will get better. If you're a lousy salesperson and you're counting on those easy sales to make things up, you're going to wind up running out of dog food to eat.
A single person can't get enough sales pitches in to have the statistics even out.
Chris L The law of averages is encouraged because the fact of the matter is no matter how good you are you cannot get every sale everytime. Many people may be doing everything right but just give up because they expect results instantaneously; which in real life is not always the case. The law says "keep doing the right thing right through and results will come through".
You got yourself a new subscriber, I'm 21 years old and feel lost about my future. This video is really well done, I will watch more of your videos that you have. Keep up the good work Phil
I suggest to look at corey wayne channel he will help to find your purpose
Irving Flores same 21 and well most 20's are like this lolz
Wow, I would call it a masterpiece motivational video because unlike other motivational videos that are no doubt moving and inspiring , this one is on a whole other level. It backs up everything with proof and evidence. kudos man!!
My parents keep playing the lottery, and never win.
yeah, thats why the law of averages is bullshit
+pianosenzanima That's an existing, structured, carefully manufactured system. You're playing with numbers that have been decided for you; not the same.
I like both answers
My favorite scratchcard game states that you have a 1 in 5 chance of winning, which will decrease as soon as someone else wins. This means that the law of average can not apply in the same sense as in above example. And what if the door salesman had only knocked on 100 doors? Then he would have had no sales. You have to take it into a wider context. The more opportunities involved the higher chance of the law of average to work in some way. If your parents had bought every single scratchcard in a set game say 5 million scratchcards they would have had a 1 in 5 chance of winning on each card and indeed they would have won that too, proofing that the law of average is correct. In terms of door knocking previous salesmen have done this so many times that they have averaged it out to 1 in 100. For selling other items it may be different, maybe 1 in 50 or 1 in 500.
Most state lottery sites tell you exactly how many prizes are left for a particular scratch game....just play the games with the most prizes left.
Very inspirational. Thanks. I think a huge point many in the comments here are missing is whether you have something to lose. You really have nothing to lose aside from a bit of time when sending out CVs or asking out women. Gambling on the other hand involves actual loss of money if you keep playing, so it's obviously not the same thing. You can keep sending out CVs or dating requests for as long as you have the time and it's not cutting into any of your tangible assets.
This is not the law of averages. This is the law of large numbers. They are very different. Great motivational video regardless!
Douglas Hsieh, ay, finally someone mentioned it, I was looking for this comment
I aint gonna lie this really hit home for me i cant believe it this whole time i have been letting rejection push me away
this just motivated me to keep advertising my Business to get customers,haven't had any so far and its discouraging
Bro if You've got an idea that you think is worth advertising, you crack on with that shit and get it done. Eventually you'll make that first sale and once you hit that, hopefully you'll get the motivation to keep pushing yourself and your business further!
So true and once you learn how to be more efficient and learn what increases your success you will gain more results.
keep trying and you succeed to some degree, soooo the law of obvious...
Justin Watson Yeah this is a weird video.
Basically letting people with bad resumes and interview skills off the hook for their failures because hey, those must all be hard nose customers!
But ignoring the fact that hey, maybe you just need to improve yourself first.
Ombro there's nothing wrong with staying motivated and being hopeful. it was never said in the video that people with bad resumes should get every job. he's saying that if you go to enough job interviews, one will be the job that is perfect for you because it uses the set of skills that you specifically have, and maybe the other jobs you applied for were not perfectly using your potential.
Yea... something he left out is that if you're "good" then it'd be about 1/10. So the goal is to be as "good" as possible to boost those numbers up, in addition to the actual numbers of exposure themselves. That's why "Maintaining the positive attitude" is important, so to speak. However, if you're shitty, then... I mean, a broken clock is right at least twice a day, but that's pretty much the best case scenario.
I remember when I was forced to use the law of averages before I even knew that there was a name for it.
In one of my classes I had to hand out surveys to people around campus. It was part of a project that was a major part of my grade. In theory, the project was super easy cuz all you had to do was hand out surveys to your friends and people you knew so you didn't have to cold approach. The problem was that I didn't know anyone on campus and I didn't have any friends due to my extreme shyness. I had to cold approach everyone. I was super terrified, and the fact that the majority of my campus was girls made the project even scarier for me. I was also too shy to ask for help.
A few days before the project is due, I decided to man up and ask people to take my surveys (mainly because I didn't want to fail the class). My social skills were complete crap and I stumbled a lot when I asked people the first time around. I got a few no's and very awkward moments early on, but after I got used to the no's, I was less nervous when asking people, and before you know it, I got a couple of yes'. After the yes' came in, they multiplied and I got my project done.
Video starts at 3:23. You're welcome.
David Razberry thanks, saved me 3 minutes. Now I can get back to studying👌
This comment should be always on top of the rest. Thank you.
David Razberry thanks
David Razberry thanks. 90 percent of video is bullshit
WOW this is a Awesome video on Law of Averages, I am into sales and I can connect 100% to this video, but it also applies to other fields as well like getting a new job, finding a new girl friend, To all my dear RUclips viewers, If you can just understand this law and apply in your
field or life I guarantee you success.
How about being so good that you don't even need the law of averages, inovating your product, improving yourself as a potential partner, etc..
You mean the law of above-averages?
Sorta like what the big tech companies did.
Seems to me to arrive to that position you had to do a lot of the law of averages!
Brother I've watched videos like this for years, read different books about topics like this but I have to say (without question) this video is easily the best one. Thank you for making this man. From the bottom of my heart I needed to watch this. Salute.
Worked in sales for 4 years. I feel you bro. And yeah, the law of averages applies !
I m an big gambler ,lost almost millions during my life . I was thinking about stop gambling but your advice change my mind thanks 🙏
I seriously needed this.
I started my sale job this week and was reminded of this video. Today is my 1st out on the field to try to make a sale
I love how you explain things. So straight forward and anecdotal. Really easy to follow
Wheel of fortune bell
Last call 4 alcohol and
Hindquarters call
Love this too
How have you not got millions of views?! I love your content, I just subbed, keep posting!
"- Switch me ! Switch me ! Switch me !
- No ! Switch me first !"
😂😂 had me dying
Great video by the way !
Dude you should have a million subs, The amount of knowledge I gained from watching your videos, and how they all changed me is insane. Thank you so much man you're doing and great job.
Look at how many he has now
I heard about this law in "Think and Grow Rich" book and I was always curious about but you answered all my qs today tysm
How's Canada?
Lavish Krish it’s really inspiring
Improvement pill How do you have so much stuff to put in videos about so many different subjects? Like holy crap it's Amazing!!
Who else watching this because of the Vince staples song?
I feel targeted😹
Bro😂😂😂😂this is me rn
It's less law of Averages , It's more law of Probability.
Great video! I've never looked at it from that perspective!
Was machst du denn hier lel
Das Video schauen? ^^
D4rky осропрршмнргозог8рпшк5опщр8пг45ппкцййцукехячсмитбю бяФвапрородлжэждхзщшгенеууккыццккуцц1234556780099878764532з1щоеопаопроппроооримпммммрррроллоэ
D4rky How do you get a checkmark on your name?
D4rky it’s so interesting. You’re supposed to get rejected
thanks man needed this one. i have tons of responsibilities on my head for the next two month having daunting learning curve to each one of them. but now i think .... i wont stop in the next two months ... take more daunting tasks afterwards
What's ironic is that apartment complex example isn't the law of averages, it's the gambler's fallacy. Once you have been rejected by 95% of the apartment, that doesn't have any impact on the last 5%. If the overall frequency of an easy customer is 1/100, then those last 5% of people are also 1/100 to be easy. You gave an example of the most common misapplication of the law of averages.
There's more to success than the law of averages. There's also your ability to learn and grow. Improving your skills, increases your chances of getting more yes.
Like job opportunities, you can send out a billion resumes or you can learn about networking and work your way in.
Thanks Vince Staples!
You're a legend, this is pretty much the recipe for success for anything.
this video made me feel better about life
I used to know a guy that would ask out every girl he saw he was attracted to. He almost always got rejected, but he also had lots of dates. If I got rejected it always took me 6 months to get over it. Or 9 months if they laughed and said "With you?"
The law of averages doesn't exist, it's the gambler's fallacy.
Yes, in the sense that if you have 99 rejections in a day, success on one last knock is still going to be 1/100... but the point is statistically you would expect one success a day if you knock on 100 doors so persistence is key
I know I just thought someone should mention the connection with gambler's fallacy
you could say something like dont confuse this with gamblers fallacy. instead of saying this is gamblers fallacy.
Callum Dempsey EXACTLY! It is a complete misunderstanding of statistics. I would even argue it could be harmful to apply it in some cases bc it can blind you to underlying factors that are making you fail. While perseverance is a good thing in gral, this approach is wrong and horrible advice.
Lucky to find this insightful video and lucky to be the 10,000 person to like this video. Difficulty certainly opens up opportunities. Its never too late to start
Great video. Wish I had seen this five years ago when our band's first album didn't do well. We didn't really push it, but we were still pretty discouraged by that experience. I've been thinking lately of getting back into my own songwriting and recording though, so this is a nice extra push if the first few song releases don't go so well.
that really works. It's really easy to give up and say that your life sucks and all that crap but if you keep trying at it, you will get it right eventually. Just like dating.
This isn't the law of averages, this is the gambler's fallacy.
thank you. I really need it now. Keep up the good work
take everything with a pinch of salt and depending your situation please.
Had the same job for a while , wasn't for me but the only reason i stayed for a couple of months was the training ! learned a ton about marketing , selling and communicating
Except this is total BS and represents a complete misunderstanding of statistics. The probability of a result does not change no matter how many times you observe it.
I know, right? I was thinking the excact same thing. I guess people just want some motivation to keep on going, and it is if you remove the mathematically incorrect part.
I think the point of the video was to tell people to keep trying. You must be in a math major.
Nathan Dehnel not sure what you mean but your probability does increase as the more you attempt the better you get thus increasing your probability. Your mind set is obsolete hence you will never taste substantial success. No matter what you reply it won't justify any of your insecurities to this notion; that the more you practise the better you get and the better you get the better the odds. There's two kinds of people in this world I'll let you decipher which one you are :) if I have changed your mind then I wish you the best of luck on your endeavours!
bruh plz read all of this you two are both ignorant. Ken, Of course if you're a salesman over time your odds of getting a sale increases by simply becoming a better salesman but the averages of "easy consumers" (1/100) doesn't change what he meant was mathematically speaking, the probability of an outcome doesn't change. so if you flip a coin and get heads 9 times in a row out of 10 attempts the probability of landing a tails is still 50% it does not increase at all. But eventually with more trials it will even out to 50/50. In the case of the video the probability of an "easy consumer" is 1/100 people. His story was he got 3 "easy consumers" after 300 attempts, that's 1/100 just like he said the percent of "easy consumers" were. It doesn't matter when he got the 3 sales,, it could've been the first 3 houses or any in between the average for "easy consumer" is 1/100 and through the law of averages he got 1/100. And that's only in a perfect scenario... he could have tried 500 houses and got only one sale. But the law of averages is that eventually though more trials the average percent will even out. it might take 100 houses or 1,000 but in the end the average "easy consumer" will still no matter what be average out to around 1/100 or 1%. SO YOUR STATEMENT OF " your probability does increase as the more you attempt" is completely false. SO both you and Nathan Dehnel are wrong. You're wrong for just not understanding statistics and Nathan is wrong because he didn't listen to the video close enough because nowhere in the video did he even say the probability changes...
ELITEshooterR actually I wasn't referring to the statistics, I was actually refuting Nathan's claim on which he believes a result doesn't change no matter how much you observe it. There's this problem with people on the Internet - they always want to be right whereas I was simply explaining a very basic principal and you took it completely out of context. You're neither wrong or right, just simply a wasted effort. At Least my comment provided a positive outlook whereas yours dwells on the obvious and concluded with nothing. I pity such ways of thinking I really do, I feel somewhat sad for you that you had to sit there and explain that to me. Has anyone ever explained 2 - 1 in apples for you? That's what it felt like for me reading your response.
Last week I ran my first 5k without stopping and all the time I could hear the voice in my head saying that I can do it. Forwago, thank you so much for everything!!
DOES NOT WORK WITH GAMBLING. IF YOU DON'T LIKE BEING BROKE, DON'T TRY IT.
The title attracted my attention because I have always been telling my friends about it. it took me 30 min in some cases to describe it, however now and thanks to you I can explain it by 4:40 with this video. Many thanks.
Publishing my novels soon.
congratz my indian bro
His advice is solid. Not fundamentally incorrect like a lot of the comments seem to say. It's just the explanation could do with a few tweaks. Its a good introduction to variance and the law of large numbers.
Imagine he has 100 potential customers. 1% easy sales (converted always). 10% medium sales of which the sale is successful 50% of the time, and 89% hard sales which are not attempted. His average sale nets him a profit of $50.
Every person he meets he makes an "earn value (EV)" on. EV = ((0.01*50)+(.10*(50*.5))+(.89*0)) = $3.
What he is saying in this video is that it doesn't matter which customer he approaches, he makes $3 from the approach. The variance in customers is not within his control, but the number of attempted sales is.
It also COMPLETELY applies to gambling. Infact it's the whole basis behind a "house edge" and the mathematical reason why "the house always wins in the long run"
watches video...
grabs money and heads to the nearest casino.
law of averages bro
Awesome video. This is one of my favorite videos on your channel. Great job!
I can't think of anything that would teach me this concept better than RNG in video games :D
Pettersony Strawman RNG in skill based games
Mathematically it is called The Law of Large Number. Is not only for sales, but also if you do mistakes without getting caught, if you repeat until adequate large number eventually the probability will be higher hence you slip and get caught. Thanks for your motivation.
That's totally not what the law of averages means.
lmgtfy.com/?q=law+of+averages
Good video I learned this law back in 2010 when I was doing door-door sales as well. Powerful law always kept it in the back of my mind now need to bring it back to my life again
Something about how you explained this concept, it's like a lightbulb clicking on right now!
💣
Did this really motivate people? I don't get it, it's a seriously vague and obvious statement.
The important thing is that he gains subscribers. The law of averages is working for him in this regard for sure.
It's an obvious statement, but we need a reminder once in awhile.
It's wrong to cheat and it's wrong to steal.
But it happens all the time. I think friendly reminders definitely help us rethink about our actions before taking them.
If it was a seriously vague and obvious statement, the whole world and everybodys lives would be perfect. And there would be alot more millionaires and billionaires. Common sense ain't that common.
Beast like.. how could it be more obvious??? Where I come from this is called simple statistics...
It did to me , it tells to me to take more action to achieve something ....
fortunately I'm all on the green side, but for those of you who isn't on the greenside, this is the best fucking video. never give up and always try and try and try. and also better yourself as a citizen of our planet, because once you better yourself, you will have an easier time executing goals or problems. I like this vid man. I recommend everybody to follow this. I've been doing this and my life is amazing and full of success i would say. never give up on anything!! a job worth doing is worth doing fucking well. never give the fuck up on what you love. execute your goals is the cleanest way. focus out there in this free world guys.
That is a fallacy!
Chad Aoun well if in fact it is a fallacy... Explain your reasoning behind your thought
Robert Zuniga This video actually presents multiple fallacies: gambler's fallacy (belief that the more you fail to obtain the desired result, the closer you are to the desired result), sunken cost fallacy (belief that you must continue your task because of all the failures in the past), inductive fallacy (just because those last three out of ~100 were easy, doesn't mean the overall population will have the same structure, because the sample size is too small). It is not "my" reasoning. It is just logic based on statistics and probability.
Chad Aoun I think the idea is just to be persistent. Maybe he's trying to say not to be fearful of failure because it is inevitable. I believe personally that failure inspires winners and defeats losers. If you keep trying you're bound to hit something right ?
Robert Zuniga The idea is fine. Doesn't trump the fact that the video includes all these fallacies. In fact, it kind of undermines his overall message, because committing these fallacies is quite dangerous and risky in real life situations and might cause serious damage.
Chad Aoun Well I think is what he said is used properly and with a bit of common sense you should be fine.
Yeah I guess this video is true. I was rejected on job interviews for around 25 plus times and now working in one of the biggest company in my country. I used that rejections so that I could comeback stronger
Great animation style!
You sound like you should be doing Audible readings and thats a compliment. Good Advice!
My family has been buying the lottery for 5 generations.. We're still broke :D
Fantastic advice if boiled down to, "the more you put yourself out there, the more success you'll have." I believe that putting ourselves out there, in a holistic sense (physically, emotionally, etc.), is one of the best things we can do to create a fulfilling life for ourselves. As far as the "law of averages," it's a statistical fallacy. Let's give his message a different name and take what is valuable here: rejection is inevitable but keep putting yourself out there!
Same thing with gambling
Mi, Amor if you keep playing...you are going to win
Each time you play you have the same chance of winning as the last time. It doesn't go up when you lose... This video just kind of spread misinformation whether it was intended or not.
I just got refused by a 2nd company for an Assistant Manager position. I feel really bad about it but thanks to this video I will continue to apply for the job with many other companies.
this applies a lot to pick up
Jacob Kuba yes and girls
Jacob Kuba rooshv?
Hey, that reminds me when I worked in similar job, it was more like marketing research, most people rejected the interview, but there were few totally willing to participate, so I decided to cover wide areas in short time and don't waste time on the rejections, I was able to do this because the study was not so strict on the characteristics of the sample and actually the willing to participate was more important because the people had to give other interviews later on.
So in other words...just keep trying? It's tough being a trainer in a gym with 7 other companies and you're the one trainer that's the absolute youngest out of all of them
Sophia Kopasakis
Knowledge makes up for experience in certain cases, this is one of them.
Alex Durocher not necessarily. If people don't know you and you don't have a client base going around referring you to people, then it's gonna take a long time to get a good clientele base. I have a bachelor's degree in fitness, an ACSM certification, I'm studying for a rowing coach certification, I have been doing sports and fitness literally since I was 5, and I am still a competitive athlete. Right now my life is literally just sports and fitness and I am actively trying to learn as much as possible. So far I gain a client per 2 months and it's frustrating. But as I gain a client, that time gap of the next client I gain gets smaller. Right now, it is a numbers game for me
Sophia Kopasakis
That's how it is for everyone. I'm the least experienced at my gym as well, but I've learned it's better to have 5 clients that loved you than 15 who thought you were okay, the more satisfied you make a few with their progress, the better off you'll be.
Alex Durocher that's very true. But I would rather have 15 clients that love me
Sophia Kopasakis The more people you have to worry about, the less time you can put into each one
Man I am glad I found this channel at this point of my life. Thanks. I wish I had the mindset to make this positivity stick with me and not sink back to depression every time.
What about the 9/100 left?
I guess they weren't home
super true for me. i have tested it with girl and i when i get asked how do you manage to be so " successfull ", just responded the truth. I am not. But i'm a try harder. Means i talk to many many girls, get rejected most of time, but i know the one that will say yes will show up one moment or another.
Its sound cheap and obvious, but still it works, the more you produce ( anything ) the more you try, its increase the chances of success.
What is your position on the Gambler's Fallacy? Does it not contradict your so-called Law of Averages?
en.wikipedia.org/wiki/Gambler's_fallacy
It is, this man does not have a clue how independent random events work.
Saumitra Chakravarty that's what I was thinking. the law of averages is a huge misconception in statistics. getting a streak of bad does not increase the likely hood of getting a good. or vice versa. (in a group of independent events such as the example in the video)
Quand9 This particular example relies on the events being strongly dependant though. Keep in mind that there is a given number of customers in given proportions, every time you knock a red or yellow customer, you indeed increase you conditional probability of knocking a green door
Gustavo De La Rosa That's the gambler's fallacy.
Jase Pellerin in order to be the gamblers fallacy the events have to qualify as independent. :)
the complex way to explain "never give up"
awesome
I already knew this but dammit I can't stand rejection. :-(
thersten It really does suck, I remember getting rejected about 5 time last year by girls that I dated but who didn't want to be my girlfriend, but now I have one. Now I want to get people to hire me for graphic design jobs.
You will succeed !
This video perpetuates a common myth about probability. Independent events do not effect one another. The three people at the end did not have any greater of a chance of being the easy sells than the people at the beginning. If he had just started at the opposite side of the building he could've made the same amount of money in 10 minutes.
Juvet Jaurès Ndé Thank you ! Im starting to take massive action.
magnetik you sound like you're on the right track. somewhere deep down some of us still need validation from the outside though. I thought my self esteem was stronger than it really is.