IE:DPC, Ch02: Intuition for Optimal Prediction
Channel: David Kaplan
Date: 2022-11-12

Examples with betting your friend whether or not it will rain tomorrow: minimizing mean loss, influence of probabilities, influence of loss function.
Textbook (IE:DPC) "Introductory Econometrics: Description, Prediction, and Causality"
https://kaplandm.github.io/teach.html
https://www.themizzoustore.com/p-236916-introductory-econometrics-description-prediction-and-causality.aspx