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Source: YouTube
Thank you for your insight Liv Wise words indeed.
This is so simple yet so genius.
decisions based on mere information are libel to be exploited by those paying attention
Liv is hot af but y she lookin like a meth head here
Can you sing Coin Operated Boy?
The water in the glass is half. not half full nor half empty.
That song comes to mind: you got to know when to hold 'em, know when to fold, know when to run
Are these from „Thinking fast and slow“ from Daniel Kahnemann?
The Sunk Cost point is a little misleading. While each decision is independent of previous decisions, the previous decisions (to put a lot of chips in the middle) are influencing the current decisions because they have increased the pot size. If you are 90% certain you are beaten, but you're getting 20-1 odds on another bet, it's positive EV to make a call, even though it is the "wrong" decision because you are so unlikely to win.
Such a wonderful video, very clear explanation I will try to not forget all the tips.. thank you