Chapter
The Probability of Games
25:19 - 27:58 (02:39)
A discussion about the probability of games and how the potential payoff affects whether or not someone is willing to play.
Clips
In this podcast episode, the speaker explains the role of probability and how it affects decision-making in a playful scenario.
25:19 - 26:57 (01:38)
Probability
Summary
In this podcast episode, the speaker explains the role of probability and how it affects decision-making in a playful scenario.
ChapterThe Probability of Games
EpisodeEp 45: Nick Ganju on The Majesty of Ping Pong, Poker, and How to Write Hit Songs
PodcastThe Tim Ferriss Show
The speaker explains the probability of rolling a six with a set of dice and how to calculate the break-even point in a scenario where a player wins three dollars if they roll a six and loses five dollars if they roll any other number.
26:57 - 27:58 (01:01)
Probability
Summary
The speaker explains the probability of rolling a six with a set of dice and how to calculate the break-even point in a scenario where a player wins three dollars if they roll a six and loses five dollars if they roll any other number.