Why Extreme Risk Takers Are Winning — With Nate Silver
Big Technology Podcast
00:00
The Art of Risk-Taking
This chapter delves into the nature of risk-taking, contrasting the tendencies of risk-averse individuals with those who find success in embracing uncertainty. It explores the concept of expected value in decision-making, especially in contexts like investing and poker, while emphasizing the rewards that come with calculated risks. The discussion highlights how capitalism favors risk-takers, showcasing examples from high-stakes environments and the importance of shifting perceptions of risk in various aspects of life.
Transcript
Play full episode
