Recent comments in /f/explainlikeimfive

explainlikeimfive-ModTeam t1_ja8kyvw wrote

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ConnieKai t1_ja8kyo1 wrote

Undergraduate, in order of level of education:

Associates (typically 2 years, some people get them and then transfer to a bachelors program. Other times the associates is all you need to start working. Some people start at the bachelor level)

Bachelors (usually 4 years, some people start here)

Graduate, in order of level of education:

Masters (You cannot start here. You would need at least a bachelors to apply for a masters program. Usually 2 years of more specialized education, often builds on what you learned in undergraduate)

Doctorate (You cannot start here. You typically need a masters to apply for a doctoral program, but sometimes people do joint masters/doctoral programs. Docotoral programs are usually research based, but not necessarily. I think they typically take 5 years)

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SuperTeamRyan t1_ja8kx0e wrote

If it were easy to get out of jury duty no one would ever serve, unless they wanted to serve. And someone trying to serve jury duty more than needed would not be a fair representation of the average citizen and may have some weird biases.

I you can probably get out of jury duty 9/10 times for criminal cases if you have had bad experience with cops. Civil is probably a bit more complicated. Grand jury seems impossible.

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m4gpi t1_ja8krmo wrote

Reply to comment by ayeeflo51 in Eli5 credit score please. by astajaznan

Yes I should have added that. A little credit, good utilization, and a healthy credit score go a long way (at least in the US) towards financial freedom. They are good tools in the game of money.

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Gnonthgol t1_ja8kr0y wrote

People often underestimate how hard it is to get a better job. You might look in the job ads and see ten jobs you might be interested in promising better terms and better pay. But when you actually start applying for the jobs you might only get five interviews and then only one or two of them offer you a position, at worse terms then you expected. And the entire process might take over a month. It is even worse if they know you are not currently working as they know you are more desperate for a job. So even if you think you can get lots of better offers in a day then your current position it does pay off to stay in your current job and spend some time finding the job you want at the terms you want.

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iBeFloe t1_ja8kotc wrote

Because it’s pretty dumb to make yourself jobless if you don’t have another job for you to jump into right after you quit or give your 2 weeks.

You can only do that if you’re well off enough to quit & take a few weeks to job search while still being able to pay your bills.

You owe your current job nothing if you want to find elsewhere to work. Using them for money until you find another job is the smartest thing to do.

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dkf295 t1_ja8kk9f wrote

Unless you plan to live 100% on public assistance (which has its own notable downsides and tradeoffs), life costs money. You have no guarantee of getting another job/in any particular timeframe - what happens if you quit your job without another one lined up, then something happens like your car breaking down or getting evicted? Even if you did have the money saved up, good luck getting a loan or apartment without any income. And yeah, at this moment it's a hot job market but what happens if there's another financial crash or pandemic and everyone and their uncle gets laid off again? You're screwed.

Being unemployed is also quite expensive (especially if you don't get unemployment, as would be the case if you voluntarily quit) - If you're making $2000 a month now, that's $2000 a month you're not earning while you're looking for a new job.

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UnknownFoxAlpha t1_ja8kir6 wrote

Money would be the main reason. If you're a teen and money isn't really required at the moment then it is safe to just quit and not worry about it. However I usually only hear this said to adults who have bills to pay. Last thing you would want is to quit your job and not be able to find another one which would result in bills backing up and going unpaid.

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bulksalty t1_ja8k9f6 wrote

Reply to comment by astajaznan in Eli5 credit score please. by astajaznan

How easy is it for an individual to file bankruptcy in your country? Does your country have liquidation bankruptcy (where debtors can get nothing if a borrower has no assets)? How hard is it to collect on a defaulted debt? How easy is it to set up and collect a wage garnishment?

Lenders want to know a lot more about how likely people are to pay them back with there are legal ways for them to not be repaid.

Since you mentioned the Balkans, I found a source indicating Croatia (to use as an example) didn't have any legal means of personal bankruptcy. In the US, almost 2% of the population went through a personal bankruptcy last year (many of those bankruptcies likely resulted in most of those borrower's debts uncollectable). Credit scores are going to be a lot less important if there's no legal way for a borrower to not pay their debts.

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dkf295 t1_ja8k3qw wrote

Because everyone else would skip out on it too - it's a hassle, and you might be tied up for only a day or two or maybe weeks if it's a more complicated trial.

If you only get jurors that have the means and desire to take days or weeks off from their lives, you're likely going to have a demographic that isn't very representative of the overall population, defeating the point of the whole "jury of your peers" thing.

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Flair_Helper t1_ja8jz4g wrote

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1

hrcen t1_ja8jo9n wrote

Yea, my mom got my wife and I onto this. It is super nice when it is close to the weekend and I can grab up some chicken for a quick Saturday/Sunday smoke for a reallllllly affordable price.

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generous_cat_wyvern t1_ja8jk1c wrote

The issue when it applies to the real world is that you rarely get truly independent events. And also probability is based on assumed knowledge (or lack thereof), so gaining information changes probabilities.

An example is you have a shuffled deck of cards, and you're betting on the odds of the top card being an Ace of Hearts. The probability at this point is 1/52. If you happened to notice a flash of red as the dealer was shuffling, nothing about the deck changed, but now your odds are 1/26 because of additional knowledge.

If the first place crash revealed some information that wasn't available before, that can change the probability calculation, even if nothing else changed about the situation.

Also in a theoretical situation you accept the circumstances presented as fact. In the real world, those assumptions could be wrong, or someone could be flat out lying to you. Like if someone flipped a could 25 times and it landed on heads every time, mathematically you'd say you still have 50/50 for the next toss. But you are assuming that it is indeed a fair coin and not a weighted or double-headed coin. If you want into someone on the street taking bets, you have to factor in not just the odds at face value, but also the odds that they're cheating.

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Bonzi777 t1_ja8iwa9 wrote

Yeah, I’ve worked in the grocery business for 20+ years doing everything from stocking shelves to building planograms to sales analysis. If I’ve ever seen a store with stuff in the back it was sitting on a pallet waiting to be stocked and nobody was going to be able to locate it until that happened.

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lilgergi t1_ja8iubs wrote

The thing you might be looking for is the Law of large numbers. The theorem states that the average of the results obtained from a large number of trials should be close to the expected value and tends to become closer to the expected value as more trials are performed.

So if you roll the dice 1000 times, it is astronomically unlikely to never roll a 6, or that all 1000 will be 6s. It isn't impossible, but very unlikely. The distribution of how many times a number was rolled should approach 1/6 for each number.

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