Posts tagged Game Theory
Thinking in Bets

What do poker and business strategy have in common? More than you may think. Many people refer to life and all its challenges as being like a game of chess, but that is a flawed analogy. In chess, nothing is random. Every element of the game is public knowledge. Poker is part skill, part luck. In a world where we never have complete information in any decision we have to make, how are we supposed to be confident about any of our choices?

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