The Importance of Expected Value

Harry Nicholls
DataDrivenInvestor

--

Probability is difficult for the human brain to comprehend. It’s not a natural way of thinking.

Our human brains evolved on the East African savannah, surrounded by danger. Natural selection decided that the humans who would survive would be the ones who could avoid danger the best.

The brains of other potential human species that were not well-adapted to identifying danger, and…

--

--