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35: Is This Worth the Risk?

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Manage episode 348684594 series 3128836
Content provided by Leonard Nieman. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Leonard Nieman or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, we are talking about Expected Value and how that can help you to make wise decisions. Roughly calculating out an expected value can quickly show that something is or is not worth doing. We talk about using this information to guard against your intuition, though you still need to be careful in how you calculate because even the calculated EV could be subject in your inherent biases.

Enjoy the show.

Show notes are located at leonardnieman.com/podcast/35.

Support us at Patreon.com/UnderstandLife.

  continue reading

71 episodes

Artwork
iconShare
 
Manage episode 348684594 series 3128836
Content provided by Leonard Nieman. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Leonard Nieman or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, we are talking about Expected Value and how that can help you to make wise decisions. Roughly calculating out an expected value can quickly show that something is or is not worth doing. We talk about using this information to guard against your intuition, though you still need to be careful in how you calculate because even the calculated EV could be subject in your inherent biases.

Enjoy the show.

Show notes are located at leonardnieman.com/podcast/35.

Support us at Patreon.com/UnderstandLife.

  continue reading

71 episodes

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