In the interest of full disclosure, I love Starbucks. I admit that I was a Tim Hortons slave for the last decade but nothing gets me going every morning like my grande bold. (Incidentally, I’d like to thank the barista…
Roll up the rim to lose and other lotteries
I don’t portray myself to be either a statistician or an actuary but I do have the (mis)fortune of having some idea about how probabilities and odds work and often in risk management you have to evaluate the likelihood of…