The Russian Roulette Metaphor

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Expected utility theory would just say, always put it all in. Right? It's like, Oh, well, because the expected value is positive. Of course you want to play this game, play as many times as you can in a row. But of course, if you do that, you will very rapidly, you know, let's say it's 50, 50 chance away and losing,. who very rapidly lose everything, right? You'll go to zero. So expecting to tell you the theory tells you this thing that kind of makes a lot of sense in an ensemble way of thinking, but in a time series where you're guaranteed to run out of money and then you're

What's the best way to learn? Why is learning how to learn "the most important skill"? When should we explore, and when should we exploit? What are the merits and demerits of various models of governance? How should we think about the problems around free speech?

Named "King of Viral Media" by Forbes, Emerson Spartz is one of the world's leading experts on internet virality and has been featured in major media including CBS, CNBC, CNN, and hundreds more. Spartz was named to both Forbes' and Inc Magazine's "30 Under 30" lists. Spartz is the founder of Dose, a top digital media company with $35 million in funding. Dose's videos generate billions of video views, and the company's broadcast TV show, Morning Dose, airs on CW stations nationwide. Previously, Spartz created 20+ of the world's largest viral content sites, including OMG Facts, attracting 50 million visitors monthly. At age 12, Spartz founded Mugglenet, the #1 Harry Potter site and one of the internet's largest communities. By the age of 19, Spartz became a New York Times bestselling author after publishing his first book. Find out more about Emerson at his website: emersonspartz.com

Staff