The Stacking Benjamins Show cover image

Ben Orlin Reveals the Fun Side of Math! (SB1587)

The Stacking Benjamins Show

CHAPTER

Probability, Risk, and the Art of Deception

This chapter examines the concept of probability using dice rolling to illustrate variability in outcomes and discusses the implications of these outcomes in the mortgage market and insurance industry. The conversation ventures into the quirks of statistics, demonstrating how oversimplification can obscure important insights and the relationship between averages and standard deviation. Through humor and historical anecdotes, the chapter also highlights the constant balancing act of risk and return in both personal finance and investment strategies.

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