[Article] “Expected value: how can we make a difference when we’re uncertain what’s true?” by Benjamin Todd

A brief introduction to what expected value is, how we can use it to work out what's best to do, and some of the main objections to it.

Narrated by AI.

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Outline:

(00:16) What is expected value?

(02:05) Why use expected value?

(03:31) Expected value is a theoretical ideal, not a practical methodology

(05:20) Is expected value all that matters?

(06:09) Expected value and risk

(08:00) Objections to using expected value even in principle

(10:25) Learn more

(11:36) Read next

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First published:
September 27th, 2021

Last updated:
April 8th, 2023

Source:
https://80000hours.org/articles/expected-value

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Narrated by TYPE III AUDIO.