Original: https://youtu.be/FVamrGf8UYA
Readwise: 4 Professional Poker Lessons to Help You Think Clearly and Live Wisely
Liv Boeree covers some biases that show up in our day-to-day lives that we often can see in poker.
Confirmation Bias
the most damaging bias that can come upin poker and I also think very often inlife is whatâs known as confirmationbias- From 4 Professional Poker Lessons to Help You Think Clearly and Live Wisely Liv Boeree Big Think
The desire to want something to be true and to overvalue evidence that would confirm that, and undervalue evidence that disproves it.
Status Quo Bias
the past and this is my way of doingthings- From 4 Professional Poker Lessons to Help You Think Clearly and Live Wisely Liv Boeree Big Think
In poker this could mean playing with a certain style that doesnât account for the other players.
Sunk Cost Fallacy
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- From 4 Professional Poker Lessons to Help You Think Clearly and Live Wisely Liv Boeree Big Think
A very common situation where we fail to consider new information.
Emotional Difference
itâsinteresting to observe sort of thedifference in emotion you can have whenyou end up in a very similar situation- From 4 Professional Poker Lessons to Help You Think Clearly and Live Wisely Liv Boeree Big Think
Example she gives is where she loses a number of chips to get to N vs when sheâs won a hand to get the same number of chips. This gain or loss could affect you emotionally when in reality you have the same number of chips.