How Trade-offs and Cost Benefit Analysis Work in Real Life | Sensitivity vs Selectivity

Why credit card fraud hasn't stopped in the US? How would you react if I said that the ideal amount of fraud in a credit card or similar company
should not be zero? What would you say if I can prove to you that the ideal amount of unemployment in a country is non-zero? What if I say
that the ideal number of heartbreaks is non-zero? Sounds extreme and unreal, right? Well, let me prove to you all these things in this
FutureIQ episode where we talk about selectivity vs sensitivity in any system. Let's understand how security and convenience are correlated to
each other and how can you benefit from this knowledge.

Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us up on Twitter:
@ngkabra http://twitter.com/ngkabra
@shrikant https://twitter.com/shrikant

Listen it on the podcast provider of your choice: https://tapthe.link/FutureIQRSS

Watch it on YouTube: https://youtu.be/joF5dHhF3s0

References from the episode and other episodes:
ROC Curve: https://tapthe.link/ROCurve
Prisoner's dilemma: https://tapthe.link/Prisoner'sDilemma

How to think like a VC: https://youtu.be/OAAYnb9LUsU

#futureIQ #sensitivityvsselectivity