Discussion about this post

User's avatar
starrychloe's avatar

Teach them poker.

Expand full comment
Overcoming Bias Commenter's avatar

So if it's confirmed repeatedly that people suck at estimating risk, what exercises can people do to better assess risk?

E.g., I met a guy in Australia who was launching a startup. He'd been a grad student in the mathy part of computer science known as "machine learning" (Artificial Intelligence without the magic robot promises) and he'd realized he had a talent for poker. He attributed his balls to start the startup and his success to date purely to the poker--it taught him, he said, how to balance risk and reward.

I have kids and would love to know what I can do to help them get a more accurate intuition for risk and reward.

Expand full comment
3 more comments...

No posts