Monday, April 13, 2009
How We Are Deceived by Our Own Miscalculations of the Future
While not made for poker directly, I believe that this discussion has some very important concepts for understanding other players and our own misconceptions about future probability. For those of you who may have already read the works of Nassim Nicholas Taleb, you will quickly be able to appreciate and enjoy this highly entertaining (at least for us dorks!) talk by Dan Gilbert.
For those who do not see how this applies to the game, I would like to add a disclaimer that I believe long-term success at the game requires melding different disciplines to understanding the game in all its facets. And to people like Microstakes Bankroll Builder, yes, this also includes understanding the mindset and goals of short stackers rather than quickly casting judgment.
A person who seeks long term profit from poker isn't really all that different than someone who pursues art or music for the same reasons. Being able to draw or write a great song does not in any way guarantee you success. You have to understand the rules and regulations of your industry, understand and interpret the impact of the conventional wisdom on your field, understand the desires and needs of your audience, etc.
I hope you all find this both entertaining and enlightening.
Labels: Dan Gilbert, Lorin Yelle, Short Stack Hero, short stacker, short stacking, Small Stakes Hero, TED Conference, Travis Rose
I've been playing poker for 13 years and been doing so professionally for 11. This is what I do with the little spare time that I have....and playing Dark Souls 3.