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BBC TV blog
 - 
David Spiegelhalter
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	<title>Tails You Win: The Science Of Chance</title>
	<description><![CDATA[<p>Chance, risk, uncertainty, luck - call it what you will - affects every part of our lives.  </p>

<p>And so when <a href="https://bbclatestnews.pages.dev/bbcfour">BBC Four</a> commissioned our programme <a href="https://bbclatestnews.pages.dev/programmes/p00yh2rc">Tails You Win: The Science Of Chance</a> there was a huge range of possible themes to explore, from gambling to natural disasters, extreme sports to collapsing economies, coincidences to lotteries.  </p>

<p>We ended up touching on all of these since they all, at least to some extent, can be handled using numbers.</p>

<p>Of course people's feelings about chance and risk are vital, as my guts told me when I was waiting to do a skydive.  </p>

<div class="imgCaptionCenter" style="text-align: center; display: block; "><a href="https://bbclatestnews.pages.dev/blogs/tv/daniel_spiegelhalter_500.jpg"><img alt="David Spiegelhalter in Tails You Win: The Science of Chance" src="https://bbclatestnews.pages.dev/blogs/tv/assets_c/2012/10/daniel_spiegelhalter_500-thumb-500x300-99269.jpg" width="500" height="300" class="mt-image-center" style="margin: 0 auto 5px;" /></a><p style="max-width:500px;font-size: 11px; color: rgb(102, 102, 102);margin: 0 auto 20px;">David Spiegelhalter in Tails You Win: The Science of Chance </p></div>

<p>But I am a <a href="http://en.wikipedia.org/wiki/Statistician">statistician</a> in the <a href="http://www.maths.cam.ac.uk/about/">Faculty of Mathematics in Cambridge</a> and so I think numbers are cool and when someone says something is 'risky', I immediately ask 'how risky?'   </p>

<p>The programme shows how we try and answer that question, although the <a href="https://bbclatestnews.pages.dev/blogs/tv/producer/">producers</a> would not let me use all the equations. Meanies.</p>

<p>But they did let me talk about the fundamental ideas of chance itself. Does it exist as part of the external world? Or is it just a way of saying we don't know - our personal ignorance? </p>

<p>These are wonderfully tricky questions that a seven-year-old can ask and the biggest brains can't agree on.  </p>

<p>My personal tendency is towards the 'ignorance' interpretation and I certainly believe that any probabilities we put on future events are a product of our judgment and don't really exist 'out there'. </p>

<p>But in the end all these fancy ideas don't make much difference, we still need to decide whether to spend our pension lump-sum on a huge motorbike or save it for our old age, go for a jog or slump on the sofa, buy a premium bond or a lottery ticket.  </p>

<p>As the programme shows I love trying to compare the risks of different choices and so, for example, the theory of gambling fascinates me.  </p>

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<p style="width: 512px; font-size: 11px; color: rgb(102, 102, 102); margin: 0pt auto 20px;">What affects our chances of living to 100?</p></div>

<p>But in practice I don't get a huge thrill from actually risking my money and I know I would lose in the long run, and so my online betting account is kept for academic demonstrations only (honest).   </p>

<p>The programme is not intended to make people more cautious or more risk-taking, but maybe to ask 'what are the chances?' and try to get an answer.</p>

<p><em><a href="http://en.wikipedia.org/wiki/David_Spiegelhalter">David Spiegelhalter</a> is the <a href="http://en.wikipedia.org/wiki/Winton_Professorship_of_the_Public_Understanding_of_Risk">Winton Professor for the Public Understanding of Risk</a> at Cambridge University and presenter of <a href="https://bbclatestnews.pages.dev/programmes/p00yh2rc">Tails You Win: The Science of Chance</a>.</p>

<p><a href="https://bbclatestnews.pages.dev/programmes/p00yh2rc">Tails You Win: The Science of Chance</a> is on Thursday, 18 October at 9pm on <a href="https://bbclatestnews.pages.dev/bbcfour">BBC Four</a>. For further programme times, please see the <a href="https://bbclatestnews.pages.dev/programmes/p00yh2rc/broadcasts/upcoming">upcoming broadcasts page</a>.</p>

<p><strong>More on Tails You Win: The Science of Chance</strong><br />
Professor David Spiegelhalter's articles on <a href="http://www.guardian.co.uk/profile/david-spiegelhalter">The Guardian</a>.<br />
Read David's lecture <a href="http://dolectures.com/speakers/david-spiegelhalter/">If you can calculate risk you can make better judgments</a>.<br />
More on David's website <a href="http://understandinguncertainty.org">Understanding Uncertainty</a>.</p>

<p><strong>Comments made by writers on the BBC TV blog are their own opinions and not necessarily those of the BBC.</strong></em></p>]]></description>
         <dc:creator>David Spiegelhalter 
David Spiegelhalter
</dc:creator>
	<link>https://bbclatestnews.pages.dev/blogs/tv/2012/10/tails-you-win-science-of-chance.shtml</link>
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	<category>science</category>
	<pubDate>Wed, 17 Oct 2012 10:00:00 +0000</pubDate>
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