In a world where decisions are made with reckless abandon, one must consider the expected value of each option. It's like playing the lottery, but with more thinking.
The expected value is like the mean of all possible outcomes. Averages are the new black.
Pros of Expected Value | Cons of Expected Value
It's a great way to make decisions without getting too attached to individual outcomes.
Helps you avoid the trap of confirmation bias.
Can be a bit too mathematical for some folks.
May lead to overthinking, which is just a fancy way of saying indecision.