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Expected Value - The $10 Bet (Part 1 of 2)

Offered By: Eddie Woo via YouTube

Tags

Statistics & Probability Courses Risk Assessment Courses Probability Theory Courses Expected Values Courses Decision Theory Courses

Course Description

Overview

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Explore the concept of expected value through an engaging 14-minute video that uses a $10 bet scenario to illustrate this fundamental principle in probability theory. Dive into the mathematics behind decision-making in uncertain situations, learning how to calculate and interpret expected outcomes. Gain valuable insights into risk assessment and strategic thinking, applicable to various fields such as finance, economics, and everyday decision-making. Access additional resources to further enhance your understanding of expected value and related mathematical concepts at www.misterwootube.com.

Syllabus

Expected Value (1 of 2: The $10 Bet)


Taught by

Eddie Woo

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