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Thank you for tuning into Real Estate Radio LIVE the podcast series covering the world of Anything and Everything Real Estate™ hosted by Joe Cucchiara. With current market experience and honest, insightful perspectives  - the guidance they bring to the air waves is an un-matched consumer & professional resource. Real Estate Radio LIVE has completed over 1000 expert guest interviews to cover all aspects of home, finance and beyond. With Real Estate Radio LIVE is the only LIVE Bay Area real estate radio show and is ranked in the top 5 real estate podcasts in listenership and popularity, the mission has been widely received and continues to grow.

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  2. RERL-1616-Growing Your Business- Using Statistics Wisely to Avoid the Flaw of Averages

RERL-1616-Growing Your Business- Using Statistics Wisely to Avoid the Flaw of Averages

Mar 21, 2019

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....

 

 

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