Risk and Reward: How Do You Choose?

NOTE: The following post discusses the New York and multistate lotteries as an exercise in probability and decision-making. It does not constitute financial advice or recommendations. You must be 18 years or older to purchase a lottery ticket. If you are struggling with a gambling addiction, please call the HOPEline 1-877-8-HOPENY (1-877-846-7369) or text HOPENY…

Jackpots, Complexity, and Difficulty

The Problem:  In considering decisions that do not have a transparent answer, many business leaders and strategists fail to distinguish between problems that are hard (i.e., those that require specialized skills or information that is not reliably or readily accessible) from those that are complex in that they require many steps to solve, but each…