This chapter explores the intricate psychology behind risk tolerance in high-stakes environments like poker. It emphasizes how pressure can enhance performance while also delving into the strategic behaviors of players and the impact of social dynamics on gambling decisions. Additionally, it examines the changing landscape of risk-taking among teenagers, highlighting the allure of gambling in a society that offers fewer traditional thrills.
What can we learn from the people who put everything on the line? Nate Silver talked to just about every type of gambler – poker players, venture capitalists, crypto traders – to find out.
Silver joins Ricky Mulvey for a conversation about expected value, Presidential polling, and risk. They also discuss:
- Why Adam Neumann keeps getting money.
- DraftKings’s surcharge for winning bets.
- Why bubbles are bigger in meme-ified worlds.
Companies mentioned: DKNG, MSFT
Host: Ricky Mulvey
Guest: Nate Silver
Producer: Mary Long
Engineer: Dez Jones, Chace Pryzlepa
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