How often after the loss of daily happiness is it said, "if only I hadn't tried for more?" Invest a few points above inflation—don't risk it
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Replying to @blue_traveler
Daily scalar happiness is a resource which generates its face value every day. Calculate risk between the desired value and the lowest…
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Replying to @blue_traveler
possible outcome over the TIME NECESSARY TO RECOUP THE GENERATED VALUE, not the face value.
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Replying to @blue_traveler
@blue_traveler can you work a specific example?2 replies 0 retweets 1 like -
Replying to @sarahdoingthing
@sarahdoingthing@blue_traveler poker example: grinding strategy (risk little to make little) versus aggressive strategy using all-in raises2 replies 0 retweets 2 likes -
Replying to @simplic10
@sarahdoingthing@blue_traveler with the latter, you can win big, but your losses are catastrophic.1 reply 0 retweets 1 like -
Replying to @simplic10
@sarahdoingthing@blue_traveler former is more stable, and profitable as long as it makes more than you have to ante (inflation).2 replies 0 retweets 2 likes -
Replying to @simplic10
@simplic10@sarahdoingthing I want to play more poker, but I am historically Bad at it.1 reply 0 retweets 0 likes -
Replying to @blue_traveler
@blue_traveler@sarahdoingthing I am breakeven at the hilariously tiny stakes I play.2 replies 0 retweets 1 like
@simplic10 @blue_traveler changes in the optimal strategy in the poker ecosystem are super interesting - unpredictable strategy innovations
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Replying to @sarahdoingthing
@sarahdoingthing@blue_traveler yes. Not expert but I know 20 yrs ago play was much less aggressive.1 reply 0 retweets 0 likes -
Replying to @simplic10
@simplic10@blue_traveler yes! optimal strategy is much looser than it was even a few years ago2 replies 0 retweets 1 like - 2 more replies
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