I credit reading this post years ago as the first step towards making me instinctively THINK in terms of expected value when considering opportunities. I consider it to be among the best “Why” resources for thinking in expected value, and wish it was more known among the LW crowd.
Expected Value- Millionaires Math
Link post
I credit reading this post years ago as the first step towards making me instinctively THINK in terms of expected value when considering opportunities. I consider it to be among the best “Why” resources for thinking in expected value, and wish it was more known among the LW crowd.