Lifelong learning is an important part of staying successful in any business. Consider how these concepts relate to your participating in the financial markets. Mindful trading, and a happy long weekend*!
Video transcript: How does an insurance company decide how much to charge for car insurance? How do casinos set up payout structures to make sure that they make a profit? How does a poker player decide whether or not to fold? How do we efficiently measure the appeal of a political candidate?
Follow these five steps to calculate standard deviation. Also includes the standard deviation formula. Here's the video transcript: "How to Calculate Standard Deviation How many vegetables do you have in your fridge? Is that a common amount or are you an outlier? We can use standard deviation to know whether someone's behavior is normal or extraordinary.
*US Markets closed Monday, Feb 16.
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