Read the amazing story of Stefan Mandel, a Romanian economist who used elementary maths to win 14 lotteries worldwide.
How Stefan Mandel took on the lotteries & won
Tag: +ev
Expected value is an important term to understand if you to avoid falling for free lunch-type offers. See all our articles related to free lunch thinking and positive expected value.
What is expected value? How it can improve decision making
The most effective way to weigh up decisions that involve quantifiable risk is through a calculation called expected value, or EV for short. So, it’s worth spending 10 minutes understanding how to calculate expected value.
How Michael Larson hustled Press Your Luck
Read the story of how Michael Larson, an ice cream van driver hustled his way to the biggest win in game show history.