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Ep 111: Probability - Reality, Rationality and Risk

ToKCast

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How Do We Think About Risk?

This is an episode on how to interpret risk using a critical rationalist framework. The foundations of classical and quantum statistical mechanics, principles of equal a priori probability. General decision theory, how to make decisions based on probability when you think that things only probably might happen. And last of all, the pricing of derivative securities using the black shoals acquarion - trying to predict what will happen in the stock market.

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