Howard Lederer on Utilizing Emotion
Lederer: I think, particularly in poker, emotion also helps you become a better player. So, you know, as a poker player, you have to constantly find, strike a balance between caring about your result and not caring about your result, right? So, if you care too much and the thought of losing hurts too much, then you’re completely risk averse, and you play too cheaply and you’re almost paralyzed at the table. You can’t ever make a bet that you’re not sure, you know, when that would be the totally involved, totally emotional, can’t stand ever losing even a pot, right? Now, you know, that type of player that Brandon described who, you know, might blow his entire bankroll or might have a, you know, a big loss and you can hardly tell, I think not only is that player risking their entire bankroll in a way that is very self destructive, but I also would gather that that person maybe isn’t getting better the way they could. So, if you manage your risk and you understand as, you know, that you somehow manage to find that happy medium where you’re willing to take some risk, you’re willing to take some losses, but at the end of the session, when you’ve lost, you’re kind of upset about it. I mean, you care deeply about the fact that you lost. That really kind of motivates you and inspires you to figure out what went wrong and, you know, play that much tougher the next time you play and be a better player the next time you play. I think if you don’t care about the losses, then there’s no real incentive to become a better player.
The Poker Professor says poker and business are thick with psychology.
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The Oxfam report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency."
- A new report by Oxfam argues that wealth inequality is causing poverty and misery around the world.
- In the last year, the world's billionaires saw their wealth increase by 12%, while the poorest 3.8 billion people on the planet lost 11% of their wealth.
- The report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency." We explain what Steven Pinker's got to do with it.
Moans, groans, and gripes release stress hormones in the brain.
Could you give up complaining for a whole month? That's the crux of this interesting piece by Jessica Hullinger over at Fast Company. Hullinger explores the reasons why humans are so predisposed to griping and why, despite these predispositions, we should all try to complain less. As for no complaining for a month, that was the goal for people enrolled in the Complaint Restraint project.
Participants sought to go the entirety of February without so much as a moan, groan, or bellyache.
- Facebook and Google began as companies with supposedly noble purposes.
- Creating a more connected world and indexing the world's information: what could be better than that?
- But pressure to return value to shareholders came at the expense of their own users.
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