Working It Why you should take more risks, with Nate Silver
8 snips
Sep 17, 2024 
Nate Silver, a renowned statistician, writer, and poker player, shares his insights on taking risks in our careers. He discusses the importance of understanding risk and how fear often clouds our judgment. Silver emphasizes that embracing calculated risks can lead to greater opportunities and personal growth. He also explores how age can influence decision-making, likening it to strategies in poker. Additionally, he challenges common workplace stereotypes and advocates for structured evaluations to enhance individual contributions.
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Calculate Expected Value
- Consider the expected value (EV) of career choices.
- Take calculated risks, especially when potential gains outweigh losses.
Risk Intuition
- We have good instincts for everyday risks, like choosing transport.
- Big decisions or those lacking experience require more careful evaluation.
Village vs. River
- The "village" (establishment) avoids risk and values credentials over merit.
- The "river" (non-conformists) embraces calculated risks and prioritizes results.