Episode 009: Courage and Cutting Your Losses with Dr. Maria Konnikova
The Decision Education Podcast
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How to Cut Your Losses in Poker
Poker is a huge lesson from poker, the idea that you have to cut your losses. One of the I think one of the most important lessons I learned is that your chip stack also has no memory. It does not remember how many chips were in it before this hand. And so it's really important to try to forget what happened and forget what how much you had because then once again, bias is going to creep in.
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