The Jordan Harbinger Show

371: Maria Konnikova | Pulling Off the Biggest Bluff

5 snips
Jun 30, 2020
Maria Konnikova, a bestselling author and international poker champion, shares her remarkable journey from poker novice to winner. She reveals how poker can illuminate our decision-making processes and human motivations. Discover the art of reading physical tells in both poker and daily life. Maria discusses strategies to avoid emotional pitfalls, particularly the concept of 'going on tilt.' She emphasizes that while triumph can mislead, real learning stems from disaster, offering profound insights for both players and non-players alike.
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ANECDOTE

Unexpected Poker Journey

  • Maria Konnikova initially had no interest in poker and entered the field to research luck and control.
  • This research evolved into a book project where she trained with poker champion Eric Seidel.
INSIGHT

Illusion of Control

  • People often have an illusion of control, taking credit for wins and blaming external factors for losses.
  • This was observed in a stock market simulation where even professionals made poor, biased decisions.
INSIGHT

Skill vs. Hand

  • In poker, the best hand statistically wins only 12% of the time.
  • Skill-based decisions influence about 88% of wins, often without revealing cards.
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