What poker plays can teach us about decision-making : The Indicator from Planet Money How a psychologist who learned how to play high stakes poker as a way to study human behavior learned a lot about risk management, mendacity and the markets.

Poker, Markets And Life

Poker, Markets And Life

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Lionel Bonaventure/AFP via Getty Images
A dealer handles cards at a stud poker table at the "Paris Elysees Club", the first "gaming club" to open its doors in the French capital in Paris. (Photo by Lionel BONAVENTURE / AFP)
Lionel Bonaventure/AFP via Getty Images

Psychologist and journalist Maria Konnikova decided to learn how to play high stakes poker, as a way to study human behavior. She got a lot more than she bargained for. She learned how to play, and how to win. She also learned about the gender imbalance in the world of competitive poker, and how women are consistently underestimated by men. She learned about how players manage risk, and that poker is every bit as skilled a profession as investing. And maybe even more so.

Check out Maria Konnikova's new book, The Biggest Bluff:


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