Bob Murphy Show Ep. 414 Life Lessons from a Professional Gambler and an Economist
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Jun 5, 2025 Adam Haman, a professional gambler and poker player, shares his unique insights with an eye toward personal growth and economic principles. They delve into the art of card counting, revealing the psychology behind betting strategies. Adam discusses the role of prop players in casinos and how emotional control can impact decisions both in poker and life. The conversation also touches on voting theory, highlighting the complexities of economic models. With humor and personal anecdotes, they emphasize learning from mistakes and the nuances of professionalism.
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Blackjack Counting Blunder
- Adam Haman's friend expertly counts blackjack cards to gain advantage at casinos.
- One night, he mistakenly counted cards on a continuously shuffled deck, losing his edge.
Suspected Dealer Bias at Blackjack
- Bob Murphy had a suspicious blackjack loss where dealer prematurely revealed his winning hand.
- He suspects dealer's bias, illustrating casino fatigue and dealer-customer dynamics.
Humility Wins Academic Respect
- Sharp academics ask clarifying questions and keep learning, while bluffers show off and stagnate.
- Long-term respect in academia favors humility and continuous learning, not aggressive posturing.