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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. Patrick McKenzie‏ @patio11 9 Apr 2018
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      (Some times the person who announces that they are a bad poker player is, despite the massive incentive to lie about such things and other indicia of probably being a good poker player, actually exactly the bad player that they announce themselves as.)

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    2. Patrick McKenzie‏ @patio11 9 Apr 2018
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      Even in poker, which has an incentive system which reads like a bad parody of capitalism (it's a negative-sum game when you count the rake and the strategic way to make a living at is is to preferentially target the weakest players), there is still a widely accepted etiquette.

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    3. Patrick McKenzie‏ @patio11 9 Apr 2018
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      I feel like "The person who makes the most money at the poker table doesn't play poker... they own the poker table" is a useful insight except that it's probably misleading as stated, since the poker table is generally a loss leader for the rest of the casino.

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    4. Patrick McKenzie‏ @patio11 9 Apr 2018
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      You could also think of it as less of a loss leader and more of an expenditure of rent on preferred social outcomes. Every university runs a business doing credentialing and occasionally teaches some classes; the Bellagio uses slots winnings to keep independent poker artists fed.

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    5. Patrick McKenzie‏ @patio11 9 Apr 2018
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      (I mean, you could call them "independent entertainment consultants with variable compensation", but a portion of the service offering *is* performance art.)

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    6. Patrick McKenzie‏ @patio11 9 Apr 2018
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      It's a useful skill to have to have an explicit mental model of how your counterparty thinks about things, to update that mental model over one's relationship as you gain more information, and to understand ways in which their mental model is different than yours.

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    7. Patrick McKenzie‏ @patio11 9 Apr 2018
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      Perhaps surprisingly for a game with a relatively clear objective function, it's almost impossible for non-experts to distinguish between good play and great play, and for that matter between good play and abominable play, but the non-experts are convinced they can do so, easily.

      3 replies 4 retweets 14 likes
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    8. Patrick McKenzie‏ @patio11 9 Apr 2018
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      (Oh I've got *so* many thoughts on how the tech industry would probably interview for poker playing skill... let's say that the *savviest companies* would land on "Play one hand of poker on a whiteboard with me.")

      4 replies 4 retweets 31 likes
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    9. Patrick McKenzie‏ @patio11 9 Apr 2018
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      (If you come for the software and stay for the poker, and not the other way around, the implication is that the variance of a single hand of poker swamps most of the variance in the candidate pool, assuming you've FizzBuzz filtered first.)

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    10. Patrick McKenzie‏ @patio11 9 Apr 2018
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      FizzBuzz: No lie, if you were to ask "Before I let you go to that table, first: tell me any five cards which would form a flush" that would prevent at least some people from sitting down at the 1/2 tables. Sometimes they win a hand. Sometimes they even end positive on a session.

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      Patrick McKenzie‏ @patio11 9 Apr 2018
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      Continuing the analogy: there are many more people that can talk at substantial length about strategy, sometimes at substantial levels of theoretical sophistication, than are capable of executing that strategy, or a markedly less sophisticated strategy, at a given bar.

      8:00 AM - 9 Apr 2018
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      • Don Appyhay Tristan Harward Franklin He Graham Lea Don Quizote Jeff Avery Ken Wallace xdr
      0 replies 2 retweets 24 likes

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