AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
The Doyen Of Economics Podcasting On Death, Lockdown, And The Art Of Socratic Dialogue - Russ Roberts
The Joe Walker Podcast
The Importance of Expected Value
One of the things I found hilarious just inside myself when I was reading his books is suddenly all of the advice that my parents and grandparents had given me as a kid, which had scorned, suddenly became very sexy. He has it's really good at metaphor and examples that stick with you. And he reminds you that there's a distribution of events, and some of them aren't just not as good as the average. They're deadly. You really ought to spend more attention worrying about what he calls a ruin than say this average or the standard deviation.
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