AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
How to form habits effectively (with Jim Davies)
Clearer Thinking with Spencer Greenberg
The Importance of Uncertainty in Expected Value Calculations
Expected value calculations make no sense because they're not real probabilities. In real life, it does have information. And if you've got a highly uncertain number, that is very different from a random number. If we were to follow the expected value calculation, even knowing that it's incredibly uncertain, that would actually suggest that we should put all resources into that one solution.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode