Decision Science

A Guy named Phil will win the LAPC Today! HELL-MOOTH Vs Ivey The dogs of kitsch are at it again--this time at the LA Poker Classic--silly movie stars in disguise, with their sunglasses and Moneymaker Freshman 15 Chubbyness--Karaoke Poker--the bottom of the barrel, cheap imitations of the two original Phil's, Helmuth and Ivey, who will be going to the Final table for a WPT title. The cream does rise to the top. Anyone with a few drinks in them can belt out Sinatra's My Way ---AK Preflop all-in insta shove, against any big pair--a coin flip at best. Even Helmuth did against Ivey's AA, to give up the chip lead. Here are the official chip counts for today's historic World Poker Tour final table, scheduled to start at 5:00 pm PT: Seat 1. Quinn Do - 1,450,000Seat 2. Nam Le - 1,180,000Seat 3. Phil Hellmuth - 2,380,000Seat 4. Phil Ivey - 4,100,000Seat 5. Charles Moore - 1,510,000Seat 6. Scott Montgomery - 2,680,000 Phil-Ubiquitous-Helmuth-The Next Paris Hilton- He...

The Game of Poker Is A Game For Liars Jessep(Jack Nicholson) You want answers? Kaffee (Tom Cruise): I think I'm entitled to them Jessep: You want answers? Kaffee: I want the truth! Jessep: You can't handle the truth. We use words like All-In , Stone Cold Nuts , Semi-Bluff ...we use these words as the backbone to a life spent defending something. You use 'em as a punchline. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very economic freedom I provide, then questions the manner in which I provide it! I'd rather you just said thank you and went on your way. Otherwise, I suggest you pick up a copy of Hotel Anyware’s The Sex of Poker or read a post from Ed Reif's blog. Either way, I don't give a damn what you think you're entitled to!

Egonomics / Neuroeconomics / No-Limit Hold'em Trials License to Thrill It is a beautiful day for a night of poker—and a terrible night to confuse adrenaline with edge. See Full Image Open Original Trials Selective Aggression Infinite Patience Loss Aversion Variance Show Text Ordinary World The Call Answer the Call Foreign Land Trials The Elixir Does money play a role in poker? Of course. But for some players, the thrill is in the doing—not the having. All the energy drinks in the world cannot reproduce the rush of catching a one-outer on the river. That rush is real. It is also dangerous, because the nervous system can mistake intensity for intelligence and survival for skill. The ...

...so easy even a caveman can do it. The biology of fear for Homo Economicus is about running away from saber tooth tigers, and trying to live past your twentieth birthday. That impulse to avoid lose is so strong.There is a little piece of neanderthal in everyone's game that responds primitively to certain poker situations. Caveman Fred has been hard-wired by evolution to have a malignant optimism and bullish outlook on things. Fred suffers from an incorrect interpretation of statistics (Gamblers Fallacy). Fred also has an irrational tendency to be less willing to gamble with profits than with losses (lose-averse) and even experiences more pain with a lose than pleasure from a gain (Prospect Theory); choosing a small reward that arrives soon as opposed to a larger reward that arrives later (risk-averse). The future is uncertain.Why wait? Under the influence of powerful Flintstone emotions and drives, players often end up doing the opposite of what they think is best for them...

Hawaii Field Note / Honolulu / 2008 The Day My Car Caught on Fire — A Duct-Tape SAAB Story A hundred-dollar car, a Honolulu engine fire, and the all-purpose Island Style operating system known as Da Kine. See Image Read the Story Show Text “I made my way from Maui to Oahu with no address waiting. A Marine deploying to Iraq sold me his car for a hundred dollars — he said ‘give me $100,’ and I did, and I still consider it the best-leveraged transaction of my life. The car became shelter. Oahu became a blank page.” Original SAAB Story Honolulu Duct Tape Sighting! God made the world, but it’s held together with duct tape. Honolulu emergency response at Aloha Towers. The ultimate power tool enters the story. ...