Poker players, along with folks like meteorologists, horse race handicappers and lawyers who work on a contingency basis are routinely rewarded or punished based on the odds. This gives them a rare visceral, experiential understanding of percentages and lets them short-circuit a cognitive effect called the “description-experience gap,” which leads people to underestimate risk based on their own personal experiences.
How Your Brain Tricks You Into Taking Risks During the Pandemic
Came off as a bit biased towards avoiding risk needlessly to me.
Can you clarify?
Let's just not.Quote: TumblingBones
Can you clarify?
Thanks OP for the original article, but this looks like rapidly becoming a controversial squabble between those who embrace social distancing and those who vociferously don't. Take such squabbles to DT. Thanks.
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She mentions in that book that dieing from a fall in the shower/tub is far more likely than being killed by terrorists. Yet everyone saw the terrorist attack of 9/11 and most people do not know anyone who died from a fall in the bathroom - so people overvalue the risk of being killed by terrorists and yet aren't very mindful of the "death in the bathroom scenario. "
Similarly, in poker, if your 3oak loses a monster pot to an opponent's flush, there is a human tendency to fear another opponent making a flush.
Or, if a specific opponent shows pocket Aces on two consecutive hands and then makes a big bet on the next hand, its hard for even experienced poker players to be comfortable calling or raising that bet. Its just how the mind works -we're impressed by the danger that we've actually observed.
I notice the opposite as people will think it's unlikely that person can have a monster hand 3 times in a row. Then of course there are people who believe in hot seats.Quote: gordonm888
Or, if a specific opponent shows pocket Aces on two consecutive hands and then makes a big bet on the next hand, its hard for even experienced poker players to be comfortable calling or raising that bet.
Its just how the mind works -we're impressed by the danger that we've actually observed.
Unfortunately the cable news folks have a business model based on showing videos of the most graphic disasters over and over. This explains why my wife is more afraid of flying than she is driving.