Dr. Michael Orkin

Dr. Michael Orkin, Professor Emeritus of Statistics at California State University, East Bay, discusses the intersection of skill and luck in gaming and decision-making. He shares insights on how chance affects risk management, using examples from lotteries and gambling. The conversation highlights the importance of distinguishing between skill-based and chance-based games, as well as the role of accurate data analysis in workplace safety. With a nod to effective money management, Dr. Orkin offers strategies to navigate the unpredictable world of finance.