Chance vs Skill: Truly Understanding Risks with Dr. Michael Orkin

In this episode of Risk Management Show, we delve into the art of risk management with Dr. Michael Orkin, an esteemed statistician and author of "The Story of Chance: What's Luck Got to Do With It." Dr. Orkin, a Professor Emeritus at California State University East Bay, shares his insights on mastering risk in both personal and professional domains. We discussed the critical role of probability in decision-making, the intersection of skill and chance in gaming, and effective money management strategies. Dr. Orkin's expertise in the gaming industry and his recent work with game developers provide a unique perspective on the complex dynamics of risk. You can find his book "The Story of Chance: What's Luck Got to Do With It." via the links below  Amazon: https://www.amazon.com/s?k=books+michael+orkin&crid=3GZD6JKRWUV30&sprefix=michael+orkin%2Caps%2C170&ref=nb_sb_ss_ts-doa-p_2_13 Barnes and Noble: https://www.barnesandnoble.com/s/Michael%20Orkin Publisher: https://he.kendallhunt.com/product/story-chance-whats-luck-got-do-it-0 If you want to be our guest or suggest an expert, send your email to info@globalriskconsult.com with "Podcast Guest Inquiry" in the subject line. Join us as we explore the profound impacts of chance on risk management and equip you with the knowledge to navigate uncertainties.