The Value Perspective

The Value Perspective with Maria Konnikova

February 22, 2021

This week we're joined by Maria Konnikova. She is an author, a professional poker player, and psychologist. Maria shares with us how she utilised different techniques during her poker career that shaped how she thought about probabilities like the description-experience gap, weighing risk vs. reward and communicating and framing risk. She has found these mindsets have helped in a wide variety of situation from Covid-19 to analysing Presidential Election pundits. 

Maria's newest book The Biggest Bluff: How I Learned to Pay Attention, Master Myself and Win is available now. 

Episode minutes:

01:07 Intro

03:36 Thinking in probability: nature or nurture? 

07:29 How can thought processes learned in poker be used in everyday life? 

10:25 What is the best way to better communicate complex messages about risk? 

15:18 The Power of Variance: why probability doesn't care about history or the past

20:57 Streamlining and optimising your thought processes under pressure 

25:01 What is a bad decision you made? 

27:29  Book Recommendations: The Data Detective by Tim Harford

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