The Decision Education Podcast cover image

Episode 024: Rationality and the Perils of Nostalgia with Dr. Steven Pinker

The Decision Education Podcast

CHAPTER

Expected Value in Rational Decision Making

The speakers discuss the concept of expected value and how it is used in rational decision making. They explain its quantification in games like poker, highlight the relationship between expected value and expected utility, and address challenges to the theory of expected utility in human decision making.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner