When you're trailing in a game, the best move usually requires sacrificing expectation for variance. Remarkably, coaches in both the NBA and NFL fail at applying basic math.
Some housekeeping notes and figuring out what the jackpot has to be for a positive-value lottery.
On the eve of Powerball mania, some advice on making the most of lotteries (whether you play or not) using the power of math and optimism.
This blog lives by a two-part creed: You can put a number on anything if you try hard enough (number quality not guaranteed, see store for details). Once you put a number on something, you improve your understanding and decision making (even if the number isn't of prime quality). At the core of this belief is the idea that … Continue reading We Hold These Truths