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Bharat Jalan's avatar

I love this post but especially relate to Number 3 now as I am being deliberate in cultivating mental models that develops a poker mindset. I have also been listening to and reading everything Maria Konnikova has to say on this. She articulates very well why poker is a game of skill vs chance where one can win with the worst hand and lose with the best hand. Its fascinating! Her new book "The Biggest Bluff" is excellent (no I am not getting paid to say this!) and I highly recommend it. We all - to varying degrees- suffer from the "self-serving" cognitive bias where there is a marked tendency to (unfairly) blame external forces when bad things happen and to give ourselves (full) credit when good things happen. This is such an unfortunate way to live life and make decisions as we will always protect our self-esteem by being defensive for decisions that do not go our way rather than taking full accountability and ownership. As long as our decision-making framework is solid and bullet-proof, even if small and insignificant things do not go our way, I feel confident that the big and significant ones will definitely go my way.

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