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Probability 1: Expected Value — The Ledger of Risk
Season 1
Episode 64
Published 5 days, 12 hours ago
Description
How do we decide whether something is worth the risk? Expected value is one of the foundational ideas of probability, helping actuaries and insurance companies evaluate uncertain outcomes over the long run. Brian explores how we make similar calculations in everyday life and why true hope looks beyond today’s setbacks to a larger horizon of grace.