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You can train your brain to think like CEOs, professional poker players, investors, and others who make tricky decisions in an uncertain world by weighing probabilities. Mental Model: Bias from Envy and Jealousy You can train your brain to think like CEOs, professional poker players, investors, and others who make tricky decisions in an uncertain world by weighing probabilities. Roberto C Paniagua (@RocaPaniagua) | Twitter Poker, Speeding Tickets, and Expected Value: Making Decisions in an Uncertain World https:// fs.blog/2018/01/expect ed-value/ … vía @ farnamstreet Postanly Weekly
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Poker, Speeding Tickets, and Expected Value: Making Decisions ... So the potential winnings for each spin need to be at least twice the bet a player makes, or the expected value is negative. In poker, players can predict the likelihood of a particular outcome. Investors use expected value to make decisions. Here's why: Because the product has a negative expected value, which will only worsen their losses. The Value of Grey Thinking - Farnam Street Poker, Speeding Tickets, and Expected Value: Making Decisions in an Uncertain World Reading Time | 13 minutes. You can train your brain to think like CEOs, professional poker players, investors, and others who make tricky decisions in an uncertain world by weighing probabilities.
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