045: Jack Litle – Global Macro Trading, the Nature of Probability, and When to Place ‘Big Bets’
Chat With Traders
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How to Think Probabilistically in Poker
Poker could be a great training ground for learning to think probabilistically. Almost every decision in poker is just a simply a pure probability decision where you say if I repeated the situation a thousand times would my action make money. If it comes out to a certain formula then you take it because it's a positive expectation over the long run so I would say philosophically talibs books are probably a good place to start like the black swan.
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