Stop Playing Chess. Start Playing Poker. | Daily Essay
transcript
show notes
Matt Affleck went all in with two aces at the 2010 World Series of Poker as a 77% favorite and lost on the last card. With FedEx down to $5,000, Fred Smith played blackjack in Las Vegas against odds that favor the casino and won $27,000. Annie Duke calls judging a decision by how it turned out "resulting."
Featuring: Matt Affleck, Fred Smith, Annie Duke, Zhuge Liang
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Chapters:
(00:00) Zhuge Liang on planning and Heaven
(00:06) Companies that lose money to win a market
(00:14) Matt Affleck's aces at the 2010 World Series of Poker
(00:39) Fred Smith's blackjack bet to keep FedEx alive
(01:08) Annie Duke on resulting
(01:24) Chess, poker and the odds of success
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