Explain how the concepts of probability theory can give rise to puzzle and paradox

Explain how the concepts of probability theory can give rise to puzzle and paradox

Learning Goal: I’m working on a business discussion question and need an explanation and answer to help me learn.

• Explain how the concepts of probability theory can give rise to puzzle and paradox
• Explain why we cannot trust our intuition with probability and yet 99% of the decisions we make in no technical environments are made with the benefits of human experience and intuition.

Please ensure at least 250 words and also at least one source and that all content is original.