Dr. Michael Orkin discusses the concepts of luck and chance, exploring their implications in various aspects of life, including gambling, investing, and decision-making. He emphasizes the difference between luck and skill, the role of randomness in everyday life, and the importance of money management in gambling and investing. The conversation also touches on the unpredictability of events, such as elections and market fluctuations, and how understanding these concepts can lead to better decision-making.
Dr. Orkin is a Professor Emeritus of Statistics at California State University, East Bay, and he currently serves on the mathematics faculty at Berkeley City College. His expertise and experience make him a leading authority on the statistical principles underlying games, chance, and the role of luck in various aspects of life.
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