Zone 9 · Pocket Money
Risk & Insurance
Nine lessons of about three minutes each, every one with a live demo and a quick test.
- Risk, Insurance & Probability×8
- Money Mindset & Psychology
- 73RiskRisk and Reward Travel TogetherHigher possible gains come with bigger possible losses
- 74InsuranceInsurance: Sharing Bad LuckMany people pay a little so a few aren't ruined
- 75ProbabilityWhy the House Always WinsRoulette's green zeros pay the casino
- 76ProbabilityExpected ValueWhat a bet is worth on average
- 77LotteriesThe Lottery Is Worth a ShotA Powerball ticket loses money on average
- 78Loss AversionLosses Hurt Twice as MuchLosing $100 stings more than winning $100 feels good
- 79InsurancePremiums and DeductiblesWhat you pay every month and what you pay when it happens
- 80Expected ValueIs the Warranty Worth It?Price the extended warranty with real odds
- 81UncertaintyThe Farmer's Lost HorseIn an old Chinese parable, each piece of bad luck turns out good, and each piece of good luck turns out bad