Risk Management Show cover image

Chance vs Skill: Truly Understanding Risks with Dr. Michael Orkin

Risk Management Show

00:00

The Dynamics of Chance and Risk

This chapter investigates the role of chance in risk management through examples from lotteries, gambling, and financial products. It emphasizes the importance of distinguishing between luck and skill, highlighting statistical methods that assess true expertise versus random success.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app