Expected Value | Definition, Formula & Examples
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Steve Ballmer used a unique monetary guessing game to evaluate Microsoft applicants. This unconventional interview question, used to gauge the candidate's problem-solving skills and understanding of expected value, reveals more than any algorithm or data structure could. Sometimes the smartest move is not to play at all. #MicrosoftApplication #InterviewProblems #ExpectedValue #ai #entrepreneurship
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How to maximize the long-term growth of your capital MATHEMATICALLY using Kelly bets. Kelly bets maximize the expected value of your capital as the number of “bets” or trades approaches infinity. It’s important to note that it doesn’t consider short term drawdown, risk of ruin, correlated bets, and other things, so do your due dilligence and understand what you’re doing before implementing it, but it’s a much better option than following some blind constant rule like 2% of TAV or whatever the Ti
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Short videos

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