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3

Expected Value—You Can Bet on It

Lecture no. 3 from the course: What Are the Chances? Probability Made Clear

Expected Value—You Can Bet on It

Taught by Professor Michael Starbird | 30 min | Categories: The Great Courses Plus Online Mathematics Courses

Expected value is a useful measure for making decisions about probabilistic outcomes. It provides a numerical way to judge whether to bet on a particular game or make a particular investment.

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February 10, 2016

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