2min chapter

#611: Liv Boeree, Poker and Life — Core Strategies, Turning $500 into $1.7M, Cage Dancing, Game Theory, and Metaphysical Curiosities

The Tim Ferriss Show

notes

CHAPTER

The Demon of Negative Sum Games

Molloch is a fictitious thing called molloch, which i call the demon of negative sum games. Itsthe i a force of bad, usually economic incentives that make people sort of sacrifice things that they want in order to optimize for a short term goal. The example i talk about is these beauty filters on instagram. If you've spent any time, you are horrifying. I 'd never seen these things before until my girl frends showed them to me and i was then mad dumbfounded. They're so subtle, but they're so effective. Yu, just think it's a good picture of them.

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Transcript

Episode notes

Liv Boeree, Poker and Life — Core Strategies, Turning $500 into $1.7M, Cage Dancing, Game Theory, and Metaphysical Curiosities | Brought to you by Wealthfront automated investing, Athletic Greens all-in-one nutritional supplement, and Eight Sleep’s Pod Pro Cover sleeping solution for dynamic cooling and heating. More on all three below.

Liv Boeree (@Liv_Boeree) is one of the UK’s most successful poker players, winning both European Poker Tour and World Series of Poker championship titles during her professional career. Before poker she studied astrophysics and now focuses her time as a TV host and YouTuber specializing in game theory, futurism, and rationality. She also gives seminars on high-stakes decision-making, and recently spoke at the annual TED conference about the application of poker thinking to everyday life. In 2014, she co-founded Raising for Effective Giving (REG), a nonprofit based upon the philosophies of effective altruism that has raised over $14,000,000 for its carefully selected list of maximally cost-effective charities.

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[06:41] Youthful obsessions.

[11:14] How poker entered the picture.

[18:55] The qualities that made Liv excel at poker from the start.

[27:22] Liv’s advice to a newcomer wanting to learn poker.

[34:04] What Liv’s eight-week poker education curriculum might look like.

[42:11] Failure points that might discourage someone during this curriculum.

[44:07] Red mist, white noise, and fast math.

[50:18] Volcano-induced tournament participation and self-regulation.

[59:07] A skeptic’s experiences with the unexplainable.

[1:14:59] How does Liv rationally coexist with these experiences?

[1:18:49] How to become a better skeptic.

[1:24:59] Inadequate Equilibria and Moloch.