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14min chapter
Ben Orlin Reveals the Fun Side of Math! (SB1587)
The Stacking Benjamins Show
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.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode