Intuition

The first step is to nail their intuition for randomness. Here’s how I will do it. I will ask them if I flip a coin once, will it be heads or tails. The answer would be It will be heads! or It can be either! (smart kid). If it is former, I can prove them wrong in 1-3 tries and lay the path for explaining randomness. If it is later, they already have some intuition for randomness. ...

💡 This is a humor piece. I am using the scenario to communicate the use of MAB’s. Please take it with a pinch of salt. A manager at a tech company that sells Alphonso mangoes online is stuck with one of the most difficult decisions. What should the color of the “Buy Now” button be? She recently came to know that data-driven decision making is the new fad and wants to follow suit. She has a meeting with her team of data scientists and marketing folks. ...