Business
30 min
The Bet You Only Get to Make Once
The rule built for many bets breaks when you only get one.
Expected value is built for repeated bets, but most decisions that shape a life or a company happen exactly once. That is where minimum regret takes over, and where the real disagreement in decision theory begins.
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About Mythio
One story, one sitting.
Mythio is a library of audio documentaries on the ideas, people, and events that shaped the world. Each episode is researched across the best sources, fact-checked, and told in full. Most run twenty to thirty minutes, long enough to go deep, short enough to finish in one sitting.