“It depends…” There’s a difference between a good decision and a good outcome There’s a difference between being broke and having no money There’s a difference between a winning person and a winning player It’s all one long game The long run is longer than you...

Are you bluffing enough or too much?  At work, at home, with friends?  Peter principle?  Good guys finish last?  As in poker, bluffing the bluff wins games.  Now we have The Game and various pickup artists passing on the knowledge (big goofy hat required):  ” …we present an evolutionary...

Rafe Furst and I were discussing my predisposition for staying in the cheapest hotel within walking distance of the hotel I actually play poker in despite having the resources to pay for the more expensive properties. The money I save just stays in a fungible heap of other money and isn’t really...

In “Game Theory: Can a Round of Poker Solve Afghanistan’s Problems?” Major Richard J.H. Gash creates a simple two player game to show how game theory can be used to influence military planning. Gash’s game involves two villages in Afghanistan with the choice to either support the...

On Saturday I attended a fundraiser poker tournament for non-profit organization called DEF (Decision Education Foundation).  As it’s name implies, they are dedicated to helping individuals become better decision makers via the education system.  Their strategy is multifaceted, but their core goal at...

Parrondo’s paradox is the well-known counterintuitive situation where individually losing strategies or deleterious effects can combine to win…. Over the past ten years, a number of authors have pointed to the generality of Parrondian behavior, and many examples ranging from physics to population...