The Power of Thought is a book about those first two seconds. 1. Fast and Frugal Imagine that I were to ask you to play a very simple gambling game. In front of you are four decks of cards- two of them red and the other two blue. Each card in those four decks either wins you a sum of money or costs you some money, and your job is to turn over cards from any of the decks, one at a time, in such a way that maximizes your winnings. What you don't know at the beginning, however, is that the red decks are a minefield. The rewards are high, but when you lose on the red cards, you lose a lot. Actually, you can win only by taking cards from the blue decks, which offer a nice steady diet of $50 payouts and modest penalties. The question is how long will it take you to figure this out? two of them red and the other two blue. Each card in those four decks either wins you a sum of money or costs you some money, and your job is to turn over cards from any of the decks, one at a time, in such a way that maximizes...
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|Size: ||490 KB|
|Date published: || 2016|
|ISBN: ||9781365076169 (DRM-EPUB)|
|Read Aloud: ||not allowed|