Lecture 7 Odds vs Probability











############################# Video Source: www.youtube.com/watch?v=r9gwHUAsk8w

Though they are often used interchangeably, the concepts of odds and probabilities are distinct from each other. This video briefly explains this difference in order to avoid any confusion. • Section 2: Probabilistic Thinking (4/5) • This is the 7th of a total of 40 short videos, which are divided into 11 sections. • A course to learn the basic concepts and tools to help us make better decisions under uncertainty, take calculated risks, and reduce the stress and regrets that often come with decision making. • If you would like to learn more, please subscribe to this channel and read the textbook at 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