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Annie Duke: When To Quit, Monkeys vs Pedestals & The Dark Side of Goals

Creator Lab - interviews with entrepreneurs and startup founders

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The Problem With Quitting Poker

The problem with quitting is that quitting is an expected value problem. What I think about is if I bet a dollar, am I going to get a positive return on it in the long run? So for any particular hand, actually, I only get a percentage of the pot theoretically speaking. And if I know that, then I can figure out if I'm winning or losing by how much of that I contributed,. Am I positive or negative to that, to that decision?

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