Dr. Ian Storey, mathematician and lecturer in information systems and Guy West, professional share market investor and chess master, continue the discussion of different kinds of risk. Here the focus is on gambling and insurance. Which games are best avoided at casinos and why. Is insurance always worth the premiums? Both Ian and Guy agree that mathematical literacy is sorely lacking in the general population and needs to be emphasised more in school. Part 2 of a 2 part interview.
Further Reading
Exercise of Skill and Intelligence in Gambling
‘A Bone of Fact’ by David Walsh