The only certainty is nothing is certain. This simple quote from Pliny the Elder is extremely important in business and the introduction to Professor Sam Savages’ new book, The Flaw of Averages. If you do stupid things in the face of liability, even small probabilities can make a big difference. Even a 1 in 1 million chance the liability is so large you can’t afford to ignore it. Today Jack Russo chats with Sam Savage about how to use statistic to avoid the flaw of averages. Specific topics include:
- What is the flaw of averages?
- Risk management
- Examples that explain the flaw of averages
- Regulations & product liability insurance
- Rational probability and probability management
- And much, much more….
If you wish to contact Joe Cucchiara email him at [email protected], call (408)-838-9060 or simply visit www.RERadioLive.com. We also provide additional information to help you make smart decisions in and around your real estate venture.
All the information in this podcast is broadcast in good faith and for general information purpose only. We do not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information on our website is strictly at your own risk. We will not be liable for any losses and damages in connection with the use of associated information. www.reradiolive.com All Rights Reserved. Copyright 2015. Joe Cucchiara MLO 273084 This is not a commitment to lend. Our team fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/. Read more at http://radiolive.rerl.libsynpro.com/#xhDOuqiFWVEfL1qw.99