Lecture 35: Potential Harm and Why the Rich Get Richer скачать в хорошем качестве

Lecture 35: Potential Harm and Why the Rich Get Richer

High-impact decisions must be treated differently than low-stakes ones. Considering the potential harm that could reasonably occur is crucial to making the best choice. This video uses the examples of gambling and real estate to assess high risk situations and make the correct choices. As wealthier people can spend more money with less risk, they tend to grow richer as those with less money must protect themselves from heavy losses. Section 10: High-Impact Decisions and Events (1/4) This is the 35th of a total of 40 short videos, which are divided into 11 sections. A course to learn the basic concepts and tools to help us make better decisions under uncertainty, take calculated risks, and reduce the stress and regrets that often come with decision making. If you would like to learn more, please subscribe to this channel and read the textbook at www.probabilitycourse.com.