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A comment on How to make decisions like a poker player. Parent comment

Re:How to make decisions like a poker player by lgas on Thursday June 02, 2022 @10:36AM (#31595427)
https://en.wikipedia.org/wiki/Kelly_criterion may be of interest.
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Re:How to make decisions like a poker player by sokoloff on Thursday June 02, 2022 @02:14PM (#31598537)
One major problem here is that many players dramatically overestimate their edge.
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Re:How to make decisions like a poker player by kqr on Friday June 03, 2022 @01:22AM (#31604590)
One of the rules of thumb you quickly learn when studying the Kelly criterion is that overestimation can lead to ruin, underestimation can at worst lead to slower growth.
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Re:How to make decisions like a poker player by lgas on Thursday June 02, 2022 @09:09PM (#31602953)
A problem for those players, an opportunity for others :)
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Re:How to make decisions like a poker player by sokoloff on Thursday June 02, 2022 @09:31PM (#31603131)
True!

Reminds me of: https://en.m.wikipedia.org/wiki/Chinese_word_for_%22crisis%2...

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