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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (20106)	8/29/2003 12:38:23 AM
From: energyplay	Read Replies (1) \| Respond to of 23153

If caught some of the world series of poker also, and it seem that the game has volitility (luck) which is very high in relation to gains (alpha). SO the players cooly and mechanically play their hands and luck occasionally takes them to the top of the pile. But it also seems that sometimes they press or bluff - deviate from the long term statistically optimum moves whne they have a preception that they have the advantage. There was a great article in the Atlantic monthly aboput 2 years ago by some one who actually got to about number 23 or so in Las Vegas.... I 'll see if I can find it.

To: kodiak_bull who wrote (20106)	8/29/2003 8:30:09 AM
From: chowder	Read Replies (1) \| Respond to of 23153

I watch the World Series of Poker every chance I get. In addition to the similarities you've already mentioned between playing poker and trading, I have noticed that quite a few poker players will immediately fold the next hand after winning or losing a big hand. They won't even consider playing a hand until they get their emotions under control. Another valuable lesson in my opinion. I now step aside for a day or two when I feel my emotions starting to rise. The last two weeks have been very, very good to me. I'm beginning to feel invincible. I'll step aside today and take the next few days to get those emotions back in line. dabum