law of large numbers (hiring approach)

Type: Concept

As of November 2026, law of large numbers (hiring approach) has been mentioned in one podcast episode on The Diary Of A CEO (Dec 2025).

The law of averages is the commonly held belief that a particular outcome or event will, over certain periods of time, occur at a frequency that is similar to its probability. Depending on context or application it can be considered a valid common-sense observation or a misunderstanding of probability. This notion can lead to the gambler's fallacy when one becomes convinced that a particular outcome must come soon simply because it has not occurred recently.