I mean, sure people can use this to fool themselves. I think usually the cause of someone fooling themselves is "the will to be fooled", and not so much that fact that they used precise numbers in the their internal monologue as opposed to verbal buckets like "pretty likely", "very unlikely". But if you estimate 56% it sometimes actually makes a difference, then who am I to argue? Sounds super accurate to me. :)

In all seriousness, I do agree it's a bit harmful for people to use this kind of reasoning, but only practice it on things like AGI that will not be resolved for years and years (and maybe we'll all be dead when it does get resolved). Like ideally you'd be doing hand-wavy reasoning with precise probabilities about whether you should bring an umbrella on a trip, or applying for that job, etc. Then you get to practice with actual feedback and learn how not to make dumb mistakes while reasoning in that style.

> And do we also pull this one out of thin air?

That's what we do when training ML models sometimes. We'll have the model make a Gaussian distribution by supplying both a mean and a variance. (Pulled out of thin air, so to speak.) It has to give its best guess of the mean, and if the variance it reports is too small, it gets penalized accordingly. Having the model somehow supply an entire probability distribution is even more flexible (and even less communicable by mere rounding). Of course, as mentioned by commenter danlitt, this isn't relevant to binary outcomes anyways, since the whole distribution is described by a single number.