Kevin Whitsitt

Click on the link below to learn the most important skill in Internet Marketing! http://bit.ly/2D2WflG Calculated Risk Meaning and Using It to Get What You Want! Hey Wutzup, today I'm going to talk about calculated risk meaning and doing it in your life. Let me start by asking you a question. Are you ready? If given a choice between receiving $3.00 with 100% certainty and $4.00 with 80% certainty which would you choose? Most people would favor the first choice? Now, you do the math it shows the second choice has a higher expected return than the first, $3.20 compared to $3.00. The reality is that most people prefer the sure thing to the risky choice, which has a higher expected return, leaves a chance of having nothing because people don't want nothing. Sure if you play the game 100 times you are going to make more money betting on the $4 bet, but what if you play the game only once? However, if you really, really need the money the $3 sure thing has independent value not