Uncertain Certainty: How to Make Decisions Like a Casino Boss

expected value - uncertain certainty

In life, you always have two choices: to think like a casino mogul or like the chump gambler dropping cash in a slot machine. One lives in a penthouse with a butler, the other in a rented apartment with a landlord who doesn’t fix leaky toilets. Casinos make billions of dollars by mastering one idea: …

Read more…

Categorization