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Title: Liv Boeree | Big Think Authors: youtu.be Category:articles Number of Highlights: 4 Source URL: https://youtu.be/FVamrGf8UYA Date: 2024-01-03 Last Highlighted: 2024-01-03
Highlights
the most damaging bias that can come upin poker and I also think very often inlife is whatâs known as confirmationbias
status quo bias is basically when we sayto assert whenever we catch ourselvessaying well itâs always been done thisway or itâs worked for me like this in
the past and this is my way of doingthings
another classic one that comes up inpoker is the sunk cost fallacy whereagain youâll have a lot of chips perhapsalmost all of your stack is in themiddle and yet you are 85 to 90 percentconfident that you have the worst handand youâre not gonna be able to getyouâre putting another chip in the potis probably not a good idea but will
often go to ourselves oh well I put Iâvegone this far Iâve put this much in Imight as well see it through to the end
itâsinteresting to observe sort of thedifference in emotion you can have whenyou end up in a very similar situation