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Tuesday, September 12, 2023

Life Is Like A Poker Game

Life Is Like A Poker Game

Who says LIFE is LIFE and not comparable to anything else?  I beg to disagree though because Life Is Like A Poker Game.  On the other hand, many people [including myself, once in the past] compared life to CHESS.  Why?  Because I realized that CHESS contains NO hidden information and very little luck.  Whereas POKER in contrast, is a game of incomplete information.  It is, in fact, a game of decision-making under conditions of UNCERTAINTY over time๐Ÿ’Ž๐Ÿ’Ž๐Ÿ’Ž

Valuable information remains hidden in POKER and there is an ELEMENT of LUCK in any outcome.  And now, presto, would you agree that our real world is much closer to POKER than CHESSUNCERTAINTY and LUCK take part in the game.  The outcome is a combination of both LUCK and the quality of our decisions under UNCERTAINTY๐Ÿ“Œ๐Ÿ“Œ๐Ÿ“Œ
Thinking in bets starts with recognizing that there are exactly two things that determine how our lives turn out.  First, the quality of our decisions and LUCK.  Learning to recognize the difference between the two is what thinking in bets is all about.  Winning and losing are only loose signals of decision quality.  You can win lucky hands and lose unlucky ones.  We can make the best possible decisions and still NOT get the result we want.  Improving decision quality is about increasing our chances of good outcomes, and NOT guaranteeing them instead✅✅✅
Whilst I know only the basics of POKER, it all boils down to tossing up a coin.  Flip it, there can only be two possibilities, whether you end up winning or losing.  Forget about being a fence-fitter because life was NEVER designed for a deadlock, an impasse.  And like POKER, life means NOT playing out with what you DON'T have but instead, eking out the best possible strengths and exercising it at the right time๐Ÿ’Š๐Ÿ’Š๐Ÿ’Š
Thinking in bets starts with recognizing that there are exactly two things that determine HOW our lives turn out, namely the quality of our DECISIONS and luck.  So what makes a great DECISION?  What needs to be clear is that that does NOT require a great outcome.  A great DECISION is the result of a good PROCESS.  Like it or NOT, we got to learn the rudiments of POKER, dude✅✅✅

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