Applying Poker Lessons to Investing

Article

Poker is often thought of as a game of skill, luck, and strategy. However, beyond the chips and cards, poker also offers profound insights into human psychology and decision-making. Blind spots are systematic deviations from rational decision-making that affect how people perceive and react to information. Poker, with its blend of incomplete information, risk, and competition, exposes these biases in ways that can be difficult to see in everyday life. From self-attribution to the outcome bias, poker helps us understand these cognitive pitfalls, offering valuable lessons for both players and non-players alike.

In this article, we explore how poker reveals some of the most common behavioral biases and what they teach us about human decision-making.

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