Expected value - Deepstash

Expected value

We all spend time making decisions with some risk involved. We look at each situation and consider the likelihood that something will happen as well as if it would be worth it.
For example, whether to sprint across the street when the sign says “don’t walk.”

Expected value is then the odds of something happening multiplied by the cost of the expected value of the situation.

266

475 reads

CURATED FROM

IDEAS CURATED BY

christopher_gc

Whenever I have a problem I just sing, then I realize my voice is worse than my problem

The idea is part of this collection:

Beat Procrastination

Learn more about problemsolving with this collection

How to create a productive environment

The importance of self-care in productivity

How to avoid distractions

Related collections

Similar ideas to Expected value

Therapy Hangover

Therapist Heidi McBain tells Bustle that a variety of therapy sessions are particularly likely to cause "hangovers" afterwards. "Therapy hangovers often happen after a deeply emotional session," she says. "This can be the result of talking about something th...

Types of people

Types of people

Category 1: Losers

People who always see negative in everything and put in the least amount of effort or no effort at all. They are least bothered about what is happening around them. They will only crib and complain about how the world is. They will say someth...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates