January 15, 2011

The Money Isn't Enough

When a top level poker pro says "It's not about the money, it's about the game," are they pulling your leg?  It has to be some kind of canned sports bs, right? I mean, do they really believe what they're saying?  Can they be that naive or that sick?

But poker is a curious activity. The explicit goal is to win the money on the table. It's about the money, obviously. So people commonly make the correlation that the best players are the greediest people. But that's wrong. Greed makes one stupid and nearsighted; science has proven it!


Posted By nawhead at 06:23 PM

2 Comments

Tags: Motivation

January 11, 2011

Something to Remind You

...of how it should be  :D

 

Posted By nawhead at 08:51 PM

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Tags: Motivation

January 08, 2011

Genetic Flaw

"You need to love to lose. It's like you're playing the piano for ten years and you still can't play chopsticks, and the only thing you have to keep you going is the belief that one day you'll wake up and play like Rachmaninoff."
- Mark Spitznagel

Does the flaw make profit in a simple domain? Not technically, as a strategy. But it can be essential mentally.

Posted By nawhead at 07:24 AM

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Tags: psychology

January 06, 2011

Inebriated by Hope

[I'm finally reading The Black Swan by Nassim Nicholas Taleb, and I just read such a surreal and beautiful passage. It's just... wow. I said in my first post in this blog that I don't believe poker itself is a Black Swan dependent endeavor, but I'm beginning to think The Great Internet Poker Boom was a Black Swan event.  Anyway, the following passage will make sense when you know that Yevgenia is a fictional character from the book who achieved success through a positive Black Swan event.  Il Deserto (The Tartar Steppe) is a real book however.]


     Yevgenia encountered // deserto when she was thirteen, in her parents'
weekend country house in a small village two hundred kilometers outside
Paris, where their Russian and French books multiplied without the constraints
of the overfed Parisian apartment. She was so bored in the country
that she could not even read. Then, one afternoon, she opened the
book and was sucked into it.

Inebriated by Hope
Giovanni Drogo is a man of promise. He has just graduated from the military
academy with the rank of junior officer, and active life is just starting.
But things do not turn out as planned: his initial four-year assignment
is a remote outpost, the Bastiani fortress, protecting the nation from the
Tartars likely to invade from the border desert—not too desirable a position.
The fortress is located a few days by horseback from the town; there
is nothing but bareness around it—none of the social buzz that a man of
his age could look forward to. Drogo thinks that his assignment in the
outpost is temporary, a way for him to pay his dues before more appealing
positions present themselves. Later, back in town, in his impeccably
ironed uniform and with his athletic figure, few ladies will be able to resist
him.
     What is Drogo to do in this hole? He discovers a loophole, a way to be
transferred after only four months. He decides to use the loophole.
     At the very last minute, however, Drogo takes a glance at the desert
from the window of the medical office and decides to extend his stay.
Something in the walls of the fort and the silent landscape ensnares him.
The appeal of the fort and waiting for the attackers, the big battle with the
ferocious Tartars, gradually become his only reason to exist. The entire atmosphere
of the fort is one of anticipation. The other men spend their time
looking at the horizon and awaiting the big event of the enemy attack.
They are so focused that, on rare occasions, they can detect the most insignificant
stray animal that appears at the edge of the desert and mistake
it for an enemy attack.
     Sure enough, Drogo spends the rest of his life extending his stay, delaying
the beginning of his life in the city—thirty-five years of pure hope,
spent in the grip of the idea that one day, from the remote hills that no
human has ever crossed, the attackers will eventually emerge and help him
rise to the occasion.
     At the end of the novel we see Drogo dying in a roadside inn as the
event for which he has waited all his life takes place. He has missed it.

The Sweet Trap of Anticipation
Yevgenia read // deserto numerous times; she even learned Italian (and
perhaps married an Italian) so she could read it in the original. Yet she
never had the heart to reread the painful ending.
     I presented the Black Swan as the outlier, the important event that is
not expected to happen. But consider the opposite: the unexpected event
that you very badly want to happen. Drogo is obsessed and blinded by the
possibility of an unlikely event; that rare occurrence is his raison d'être. At
thirteen, when she encountered the book, little did Yevgenia know that
she would spend an entire life playing Giovanni Drogo in the antechamber
of hope, waiting for the big event, sacrificing for it, and refusing intermediate
steps, the consolation prizes.
     She did not mind the sweet trap of anticipation: to her it was a life
worth living; it was worth living in the cathartic simplicity of a single pur-
pose. Indeed, "be careful what you wish for": she may have been happier
before the Black Swan of her success than after.
     One of the attributes of a Black Swan is an asymmetry in
consequences—either positive or negative. For Drogo the consequences
were thirty-five years spent waiting in the antechamber of hope for just a
few randomly distributed hours of glory—which he ended up missing.

When You Need the Bastiani Fortress
Note that there was no brother-in-law around in Drogo's social network.
He was lucky to have companions in his mission. He was a member of a
community at the gate of the desert intently looking together at the horizon.
Drogo had the advantage of an association with peers and the avoidance
of social contact with others outside the community. We are local
animals, interested in our immediate neighborhood—even if people far
away consider us total idiots. Those homo sapiens are abstract and remote
and we do not care about them because we do not run into them in elevators
or make eye contact with them. Our shallowness can sometimes work
for us.
     It may be a banality that we need others for many things, but we need
them far more than we realize, particularly for dignity and respect. Indeed,
we have very few historical records of people who have achieved anything
extraordinary without such peer validation—but we have the freedom to
choose our peers. If we look at the history of ideas, we see schools of
thought occasionally forming, producing unusual work unpopular outside
the school. You hear about the Stoics, the Academic Skeptics, the
Cynics, the Pyrrhonian Skeptics, the Essenes, the Surrealists, the Dadaists,
the anarchists, the hippies, the fundamentalists. A school allows someone
with unusual ideas with the remote possibility of a payoff to find company
and create a microcosm insulated from others. The members of the group
can be ostracized together—which is better than being ostracized alone.
     If you engage in a Black Swan-dependent activity, it is better to be part
of a group.

Posted By nawhead at 03:20 AM

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Tags: psychology

January 02, 2011

The Sleep Post

I've looked a lot at sleep research the past year or so with regard to maximizing my poker training, and I like to get on my soapbox whenever it's mentioned nowadays. So I guess I'll just copy-paste for easy retrieval.


Reply to Enso on Poker and Sleep:

I was researching biphasic sleep also a few months back cause i was normally sleeping 5-6 hours anyway and feeling like crap, but US DOD backed research didn't show benefits to bisphasic sleep. Naps do benefit alertness, but it can't compensate for just getting a full core sleep. It's a self perception error and there is still wake state instability.  

The sweet spot for maximum functioning seems to be 7-8 hours a night. You can't do what has to be done to the brain by breaking up sleep into shorter chunks.  And there are learning advantages (requirements?) to staying in deeper stages of sleep which only occur with 7-8 hours.  

And looking at it from an evolutionary perspective, sleep is dangerous. It leaves us vulnerable to predators. If there were ways to break sleep into smaller chunks, those creatures would have passed on their genes faster. But that's not what happened. 

Posted By nawhead at 09:33 PM

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Tags: Health

December 30, 2010

On Finally Getting A Tetris Dream

It happened!  It really happened!  I had a poker dream last night! Gabe Kaplan was there. Mary Tyler Moore was there (with a British accent. what?). A bunch of young pros I have never heard of were there. And someone was playing heads-up on a couch and pushed all-in with a gutshot with an overcard and got snapped off by a set. And the guy wasn't really upset cause he was a pro and liked his play regardless of the results! Yes! Go Mr. Pro! 

I'm so happy right now. I've been waiting years for this day to come. And I finally get my Tetris Dream! It's confirmed. The passion is alive!

Posted By nawhead at 04:43 PM

1 Comments

Tags: psychology

December 28, 2010

Priming For Fun and Profit

I started re-reading Malcolm Gladwell's Blink yesterday, and was struck again by the simple yet powerful concept of priming.  In a nutshell, seemingly innocuous words and images in our environment influence our behavior in unexpectedly powerful ways. There was also a study done in the U.K. recently that revealed that being "observed" by a picture of eyes on a wall made people behave better.

This is pretty fascinating stuff since it destroys the assumption that we're conscious dominated creatures during our wakeful hours. What these studies seem to be hinting at is that we are mostly on autopilot when awake and the unconscious is still very much in control.

So with that in mind, I changed my desktop background to a picture of Phil Galfond playing poker. Step 1.

And I'm compiling a list of words to prime myself for thinking of solid (maybe even slightly nitty) poker.  Right now I have: TIGHT, AGGRESSIVE, POSITION, VALUE, CALM, DELIBERATE, CHRIS FERGUSON, ALLEN CUNNINGHAM, DOYLE BRUNSON.

Priming works through the periphery, so I need to put these words somewhere so I'll see them only in passing.  Possibly I can make printouts and scatter them throughout my room in "hidden" locations. Step 2.

Step 3.  ???

Step 4. Profit!

 

Posted By nawhead at 03:27 PM

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Tags: psychology

December 27, 2010

Orphans Rule The World

It's one thing talking about negative variance in an objective light, talking about keeping positive, talking about reformulating one's idea of success in poker not in terms of money but in finding joy in becoming better through mistakes.  But then you lose 5 sessions in a row, and it's hard not to get discouraged.  It's hard not to feel like taking another break that turns into something much more permanent. Losses take the wind out of your sails. If only we could start up our internal engines when this happens!

There was a study done of famous people in history where it was found that a large % of them had parents who died when they were young. There's a theory that this trauma, this primal message that "YOU'RE NOT SAFE, BETTER GET BUSY" is what motivated those great people to do so much more than others.  This primal cue from within which can't be cultivated and can't be learned, gives a human almost limitless energy and drive. It can only be ignited by literally scaring someone to death.

Then there's me.  I only have a cerebral drive. I had a pretty comfy childhood.  No real trauma. I have both my parents and they're pretty laid back for the most part. So poker is a curiosity more than anything to me.  So is that enough? Can mere stubbornness be a suitable substitute for a primal urge? If I fail at this, there's nothing in me screaming inside giving me warnings. I'll fail and then get some food and watch a movie. Life isn't hard for me, and that may be a great blessing from the viewpoint of the vast majority of the world's population, and yet it's still a handicap. 

I know what I have to do.  I need to scare myself. Lie to myself. Put myself into a sink or swim situation. But that's crazy! But crazy is what gives you the energy to succeed. It gives you motivation. 


Posted By nawhead at 06:01 AM

1 Comments

Tags: psychology

December 23, 2010

Analyzing BRM strategies

Bankroll Management (BRM) allows poker players a defense against the improbable. But what is the best BRM strategy? Since BRM is used to keep us from busting, we define the best BRM strategy as allowing us the greatest downswing.

After crunching the numbers, a super conservative 150 bi BRM strategy allows for a 265 bi downswing while still keeping the player in the game at a primary income level (100NL). 

But given two equally skilled players. Given equally bad luck. Given no bad play involved. The player that survives a 265 bi downswing, the doom switch from the depths of hades itself, will be the one using the 150 bi BRM strat. He's twice as likely to stay in the game as someone using a 40-50 bi BRM strat.  

BRM is a choice.  It's completely within our power to decide if we want to be resilient to extreme negative variance or be a victim of it.  That is all.

Big game losses, unstructured BRM
$100,000 bankroll, 100 bi @ 5/10
lose 70 bi's drop to 3/6 (30,000) 50 bi
lose 35 bi drop to 1/2 (9,000) 45 bi
lose 25 bi drop to .5/1 (4,000) 40 bi

withstood 130 bi downswing
playing 100nl with 40 bi's

60 bi BRM
100,000 bankroll, 100 bi @ 5/10
lose 64 bi's drop to 3/6 (36,000)
lose 20 bi drop to 2/4 (24,000)
lose 30 bi drop to 1/2 (12,000)
lose 40 bi drop to .5/1 (4,000)

withstood 154 bi downswing
playing 100nl with 40 bi's

80 bi BRM
100,000 bankroll, 100 bi @ 5/10
lose 52 bi's drop to 3/6 (48,000)
lose 26.6 bi drop to 2/4 (32,000)
lose 40 bi drop to 1/2 (16,000)
lose 60 bi drop to .5/1 (4,000)

withstood 178.6 bi downswing
playing 100nl with 40 bi's

100 bi BRM
100,000 bankroll, 100 bi @ 5/10
lose 40 bi's drop to 3/6 (60,000)
lose 33.3 bi drop to 2/4 (40,000)
lose 50 bi drop to 1/2 (20,000)
lose 80 bi drop to .5/1 (4,000)

withstood 203.3 bi downswing
playing 100nl with 40 bi's

120 bi BRM
100,000 bankroll, 100 bi @ 5/10
lose 28 bi's drop to 3/6 (72,000)
lose 40 bi drop to 2/4 (48,000)
lose 60 bi drop to 1/2 (24,000)
lose 100 bi drop to .5/1 (4,000)

withstood 228 bi downswing
playing 100nl with 40 bi's

150 bi BRM
100,000 bankroll, 100 bi 5/10
lose 10 bi's drop to 3/6 (90,000)
lose 50 bi drop to 2/4 (60,000)
lose 75 bi drop to 1/2 (30,000)
lose 130 bi drop to .5/1 (4,000)

withstood 265 bi downswing
playing 100nl with 40 bi's

Posted By nawhead at 06:58 PM

0 Comments

Tags: bankroll

December 22, 2010

The Final Piece of the Mental Game

I've been in a mental holding pattern for a few weeks now.  I've been heavily influenced by Nassim Nicholas Taleb for the past few months, and I think I've been unable to reconcile his warnings on the futility of risk taking in complex domains due to the limits of knowledge in such domains with the act of playing poker.  I felt like a hypocrite.  To reference a favorite analogy of NNT, I was a man riding the elevator up to the gym to use the stairmaster.  There was a disconnect between domains.

If stock trading is a fool's game, then what was I doing wasting my time in this simplified version of it?  I still played occasionally for entertainment, but my heart was no longer in it.  I had lost the conviction that this was worthwhile.  I don't just want to be another lucky idiot.  If that's my best possible scenario, I can save myself a lot of sweat and play the lottery instead.  And I'll ultimately save myself from the illusion of thinking my win was mostly through skill.  As Ludwig Borne said, "Losing an illusion makes you wiser than finding a truth."  If all the poker skill in the world is necessary but not sufficient to become a real winner, I might as well just go to night school in dentistry and lead an intellectually honest life.

Then I heard this!  Eureka!  Let's aggressively take risks in domains not subject to the Black Swan problem!  Poker is a simple domain.  It has easy, calculable odds.  The variables are finite.  It's not subject to the Black Swan or blowing up spectacularly.  I can't lose more than I ever expect to lose, the bankroll.  I can't leverage myself into blowing up 2, 3, 100 times my bankroll.  So simple, yet I was too stupid to realize it myself.  I was paralyzed into inaction.

It's time to take risks again.  With the knowledge of those risks.  Not as a coward or an idiot who takes risks only because he does not know the odds.  I go forward, into Aggressive Certainty!


Posted By nawhead at 05:20 PM

3 Comments

Tags: psychology philosophy


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