With the propagation of data, technocrats and pop-books about statistics an increasingly large portion of the population are familiar with Expected Value. For the uninitiated Expected Value is the ‘average’, result from some random process –statistics texts denoted this as E[X]. Sometime this means the most common result . If you randomly selected a computer science PhD candidate you would expect them to be a man because the overwhelming proportion of comp sci PhD candidates are men. Sometimes this means the value that minimizes your error. …

Douglas Hamilton

Doug is a quantitative professional whos career has taken across many domains. Currently he leads AI research @ Nasdaq; All views expressed are my own

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