Robin writes "Optimism bias is clearly not an unnoticed accident – people want to be so biased." In poker, there is a joke which goes "Have you ever noticed that when you win, it’s all skill, and when you lose, it was bad luck?" It’s funny because this method of protecting one’s own ego is universal enough to strike a deep chord, yet any good player knows how wrong it is. In the short-term, poker is mostly luck, and it takes a great deal of experience to even partially disentangle the effects of one’s own strategy from the vicissitudes of fortune. (Hint: a crucial first step is to always think in terms of opponent hand
Be biased to be happy
Be biased to be happy
Be biased to be happy
Robin writes "Optimism bias is clearly not an unnoticed accident – people want to be so biased." In poker, there is a joke which goes "Have you ever noticed that when you win, it’s all skill, and when you lose, it was bad luck?" It’s funny because this method of protecting one’s own ego is universal enough to strike a deep chord, yet any good player knows how wrong it is. In the short-term, poker is mostly luck, and it takes a great deal of experience to even partially disentangle the effects of one’s own strategy from the vicissitudes of fortune. (Hint: a crucial first step is to always think in terms of opponent hand
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