Provide an example of a time when you calculated your risks


Questions:

1. What do you think about this article? Is there a natural tendency to gamble?

2. Should we fight this urge, or use our intellect to exploit statistically advantageous circumstances? Explain.

3. Do you tend to be a risk-taker, or do you prefer a more stable, safe course?

4. Provide an example of a time when you calculated your risks, and made a decision.

5. What was the outcome? Did your strategy succeed or fail? What did you learn from the experience?

https://www.guardian.co.uk/uk/2007/jan/07/gambling.timadams

After reading the article please answer these questions.

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Basic Statistics: Provide an example of a time when you calculated your risks
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