3 lessons on decision-making from a poker champion | Liv Boeree
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- Опубліковано 21 жов 2018
- Is it better to be lucky or good? Should we trust our gut feelings or rely on probabilities and careful analysis when making important decisions? In this quick talk, professional poker player Liv Boeree shares three strategies she's learned from the game and how we can apply them to real life.
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Our egos love to downplay the luck factor when we're winning. Beautiful!
As a poker player, I can't agree with the statement more!
Klead Fusha Its called causal attribution. In success we tend to internalise the reasons and in failure we externalise: i wrote an a because im smart. I only got a c because the questions were mean
Hahaha I can't stand her after she chose to steal against an old lady in that game show.
It’s not a game of luck
💯
1) Mindful of luck despite ego
2) Use numerical probability
3) Use intuition mostly only for things you've done a LOT
I’ve played over half a million hands of online poker, and I played full time in casinos for a few years. And she’s right. The thing I learned that kinda haunts me is how tragic it is for some people to get lucky. If they won the first night they played and had maybe studied it just a tiny bit, they would spend years going broke over and over. When people win they think they’re a genius, and when they lose they think it’s just bad luck and the world is unfair. Everybody does it. And a LOT of non-technical people are so cocky that they think being able to shuffle their chips or identify which seat is called Under the Gun +1 makes them a highly skilled player who can beat just about anyone. But I suppose we all delude ourselves into thinking we have life figured out on some level, and most of the time it takes us way too long to realize we were pretty ignorant all along.
Lol I literally use words like probably and sometimes BECAUSE I don't want to convey any real information🤣🤣
Smile_bro this is way underrated lmfao that explains everything actually
I use words like that to leave room to opt out. I don't like to make promises or let people down.
@@sterlingsilver5937 Why not just take ownership and say no to the things you don't wanna do and be honest about it?
That's how most women are
@@YaNeK92 Because you don't know yet. You want to leave the option open.
The whole title wasn't displayed in the notification. I thought it was 3 decisions from a pokemon... was really intrigued.
Me too!
Lmaooo
I would go to that talk!
Dude! Hilarious! Lmao 😂😂😂
😂
There is a 97% chance someone will claim to be the first commenter on a TED Talks video. There is a 68% chance two or more will.
first to answer this comment
First
22% of statistics are made up.
And with 22% of statistics being made up, the other 88% have mathematical errors.
@@tvm73836 😂😂😂 I only get this now.
What an absolute beast. Coming from a live poker player, she's extremely intelligent and knowledgeable. She's been around the biggest games for awhile and married a great poker player Igor..do wish her nothing but the best...amazing to see her on T.T. :)
I mean she did graduate astrophysics at the Univeristy of Manchester, so its safe to say the maths in poker is childplay for her
I've been a big fan of Liv for years. Great TED talk!
bro you just crammed in the most useful info i've ever heard for a site anchor in five minutes and some change. huge W for making it short, clear and concise👁️👅👁️
1) Don't overestimate your abilities because of easy success
2) Speak more specifically (i.e. say "%chance" instead of "probably")
3) Poker tourney winners wear glasses. Nerds wear glasses. Nerds don't use intuition. Therefore intuition must be bad... (except for easy stuff).
you are now ready to become a poker tourney winner !
Intuition is more important of what we think.... A nerd without intuition is a not creative nerd
this is a painfully inaccurate reduction of the main points
@@itsiwhatitsi Most nerds have good intuition because they're devoted to study the subject/interest they delve with. Those amount of hours put into work becomes experience. And with continuous work to gain more knowledge, skills, and experience, it becomes intuition that leads to mastery of the craft as well.
Yes, yes and yes! TED, poker, and Liv :)
It's lessons like these that we all know, but often need to be reminded of.
sociopathic tendencies.Lack of deep emotion and stress.
4th lesson:
Everything you do conveys information. You can't be all loosy goosy, eating a sandwich, or checking your phone.
Mastering the class 😂
Hey Yo Daniel squad 🙌🙌🙌
BEST COMMENT HERE😂😂😂
Be quiet kid.
But I like sandwiches
Amazing talk , loved it very much 😍
I remember that 2010 tournament win; that was a monumentally good ted talk.
Well spoken, insightful talk.
Brilliant, clear and concise.
Yep, all of this applies to investors as well. Pretty easy to feel like a genius when the market is on an upswing.
5:11 Malcom Gladwell's book Blink actually addresses this - for the bigger decisions in life, go with your gut.
I am not a pro, but I used to play a lot and studied a lot about the game. Poker definitely have taught me a bunch of life lessons beside what's mentioned in the video
1. stay focused on the goal - having fun vs making money.
2. adjust strategy according to situation - ppl nowadays always try to come up with formula to success and lot of ppl screwed up because situation can never be the same like poker. every time your opponents are different and their hands are different. tat's y I hate those poker videos saying you should do this when u have AK and you should do that when u have suited connector
3. analyzing - that's what I like the most about this game. analyzing your opponents and exploit their games.
4. you can never escape from tipping, have to tip the dealer when you are trying to make money at the table. hey why don we tip the floor manager. He is making sure we have a fair game
Liv was a TED speaker! WOW! I'm gonna look this video now) She's extremely smart! :)
Many thanks for your advice, Liv Boeree. Love you so much. We don't have any data to be based off.
amazing to see her on T.T
I love your motivational quotes, they make sense.
And the award for the least nervous TED speaker goes to...
Nah, she was probably (60%+) nervous, too. That's just her poker face.
TheTruthSentMe puh puh poke her face
@@nhdarling2 puh puh poker face
Adderall , coffee, trying to appear as an ambitious professional
Poker players don't know how to speak out in public or hold s conversation with other
Liv Boeree is so lively-and what a personality! I like her being on stage; she resembles very much a person I know in theatre.
One of the my favorite poker players of this decade, she's awesome.
This was an incredibly good ted talk
Too be honest the best poker players don’t have souls. Great short talk. I’ve been a profitable poker player for over a decade & using my gut is a huge part of my success.
perhaps, the most interesting talk on TED. so much packed into such a small syllabus...
I use percentage probabilities when planning and explaining.
My friends understand them better XD
Think, fast and slow. Great book. :)
Very good talk!
Good talk Liv! Especially the part about intuition
Love Liv Boeree!
what a great and interesting speaker.
Love this
1:40 You weren't overestimating yourself. That's nearly a typical Control Systems graph with a first peak overshoot basically being the highest point of your graph, and then a series of lower and lower overshoots, later settling down to within the tolerance band. Very very nice. Careful, methodical, ruthless, and utterly practical, rationally so, always. That is the way to go. When going for the big ones, the first peak overshoot is where you hope you'll land, the eventual low is what you prepare for, the worst case scenario so to speak, and the tolerance band should always be, probabilistically, higher than where you started. High chances, low reward is always preferable to low chances high reward. Because despite what every single success story on stage tells you, no one hears from the tens of thousands of failed gambles that never made it off the ground. Take care of yourself always. We have come a long long way from the medieval times. It's time we put our mathematics and our scientific brains to use. Guys, this is what even my friends, in Arts and Commerce say. Mathematics and Physics, also programming are very nice tools to have. They open up avenues, and interdisciplinary routes that you would not even contemplate otherwise. Life is irregular so why would subjects pertaining to what we do with it be do neatly divided into non-interacting piles? They interact, to create something truly ground-breaking. Remember Einstein dreaming up Newton and Maxwell together? Of how watching stationary electromagnetic waves, if you moved at 'c' in vaccuum violated Maxwell's laws? There is never a reason to not cultivate your mind. This is the true fruit of our times. And to be able to contribute to that field is what is my dream.
P.S. There is a 90 per cent chance someone is going to say, and I quote- "No one cares."
I enjoyed reading this -- never thought of em before. Thanks!
@@farrastaufiqurrazak9531 You're welcome! This gets it right even down to the initial dead time where she was still hesitantly figuring out the baseline rules, in the initial part of the graph! Cheers :)
The data from intuition is your souls wisdom 👌🏼
Now......... Imagine TONY G up next with his presentation.......
he would say its all about heaart and commitment
lmao tony
Tony G’s Ted talk: why you shouldn’t overplay king jack. Also how to get on your bike
@@olinater5 how to get on your bike hahahahhaa
You are gone, gone gone !
70% of the viewers find her attractive
*99%
😅I didn't,until I read your comment
100%
No...not 70 percent...
Only perverts like you.
I don't Know. So finding someone attractive is pervert now ?
Well said.
She looked in the mirror and thought “I’m 100% hot”
she's also a astrophysicist
Mesmerising, for so many reasons.
It takes a probable amount of wisdom to realise we know very little in reality.
Liv ❤
Beautiful, intelligent, confident, and successful. This is what a high quality woman looks like.
"I'm really tired of looking at Live Boeree's face"
said no man ever.
except jason mercier
She is a beautiful and smart lady
If you actually meant well, thanks for a good thought but please read something like the following before you write compliments again (if you didn't please read it anyway since it might help you in your relationship with colleagues, your wife, your daughter, your friends etc.):
www.bustle.com/articles/89745-11-sexist-and-degrading-compliments-that-women-get-at-work-that-really-need-to-never-be
@@brickuz what has the world come to. its now sexual harassment to compliment a woman for being a woman at work? so now we should compliment women like men? oh geez, sarah. u r so manly i want to be just like you.
@@benzpinto Or how about just showing women some fucking respect? Are you even able to talk to women without some other agenda? If you can that's great but your short-sighted comment clearly makes me think otherwise.
i’m such a liv fan boy. go liv go 💋
Brilliant!!!!
she is freaking awesome!!!
Great!
Liv, you transpire confidence!
Poker is a results oriented game but can be boiled down to process. If you can get your process right (your skill level, the right playing style, the ability to adapt when needed) you can be successful. Trust your process but be prepared to alter it to suit.
The rope that holds you when you are weak weakens with time so be strong!
Never trust a fart.
It’s not right to say your intuition has no data. Your “gut feeling” is the result of a fantastically complicated subconscious evaluation of everything your brain has available, from knowledge, previous experience, probabilities, risk/reward, etc... It’s doing far more than you can process consciously and it’s doing it in the background while you’re still mouthing “hmmm”. There’s been talks on “gut feelings”, probably on TED. If something is too complex to evaluate consciously, your gut is a good, albeit unclear, alternative. The problem is you can’t cross examine or defend a feeling that your brain served up subconsciously without providing any logic.
The “soul” I would’t trust because science can’t find it 🙃
Superb.
By far the prettiest woman in poker
Brian Poland Up there with Victoria Coren Mitchell.
Not without makeup
Samantha abernathy is the most beautiful
Fatima De melo any day
Phil hellmuth for me
Amazing
True!
Truly brilliant advice ...
Nice talk
I had to rewatch the video in order to absorb in what the speech was about. But on my... she is a work of art. If I have girlfriend this beautiful and smart, I'll definitely consider of putting a ring on it.
wow, Liv is a data lady as well as a poker player. Love it!
Now that did deserved a standing ovation, thank you Liv and thank you Ted (100%)
Very good points, well-delivered :D
Couldn't see point 3 slide because of UA-cam suggestion overlay.
@4:21 that's an understatement for Christoph Vogelsang (bottom left)
so its LUCK, QUANTIFICATION and INTUITION. very nice talk
There's a 69% chance people will take your opinion seriously if you look this good in real life.
99% chance underestimating brains over beauty is a man's habit
bullshit.
She does
@@marlenecacho4294 that means Primius's 69% comes 49% from males and 20% from females.
Well by the time they read your comment... the number increases to 76%
Intuition is subconscious thinking and can be extremely effective on even the most complex problems
But it can be derailed by triggers, such as emotional stress
Awesome
Brilliant
I knew there was Tim down there!
Ohhhh very nice
This is nothing short of extraordinary. I came across similar material, and it was absolutely breathtaking. "Game Theory and the Pursuit of Algorithmic Fairness" by Jack Frostwell
I could not seethe last picture she was presenting at the end of video because of random recommendation of other ted talks
She makes some good points. Does anyone think she’s read the book titled, “Blink”?
Short and to the point
How do you not downplay your luck and simultaneously not overplay your intuition?
Seeing Igor there was kinda wholesome.:)
OMG... I'm in love.
Happen to me in the stock market where I thought I was so brilliant
Same. Was up on Put options in march, and kept buying puts. Ended up losing all my profit and some
I trade the markets for a living and that is the reason I watched this video. The similarities between professional poker playing and trading are real.
I played 25,000 online poker games safely and won 24%. So simple math will tell you the Winnings from those games must be more than 76% of the losses. Very difficult without bluffing.
Nice
i like this talk, and she is so beautiful, beautiful and smart, unbelievable!
So, so true. We undervalue the role of dumb luck when we're having success. And there are totally benefits to quantifying odds and risks.
Camera is a bit blurry at times?
I actually speak in numbers too lol. It's very important to be specific
Her posture is fantastic!
4:21 Is that Tim Urban from waitbutwhy?
yes, i think so (99.9% probability xD), also him getting up and clapping, at 6:01-6:03
The word probably means, 'a more than 50% chance but less than 100% chance', so it's meaning is quite specific. Granted the difference between 51% and 99% is pretty big but they are both probable. I was an English teacher for over 20 years and have seen people getting this incorrect with alarming regularity.
What is luck? I hear about it all the time, and still nobody confirmed how does it formed. Luck is a combination of hard and smart work, definite decision on your goal, persistence, faith, positive mental attitude, desire, self-talk, confidence, imagination, specialised knowledge (not a formal education), integrity, honesty, habit, etc... I like when someone put all of this in one word called "luck" in order to explain his excuses for not achieving anything meaningful in life. Most often people who failed to define others who keep trying and succeed as lucky, as the people who gave up on money trying to give a financial advice or the advice about how life is to be lived.
i love EPT tournaments
Go, Liv! :)
I don't care if she got her success from having rich sugar daddies and being hot or if she got paid more than she should've for any victories she may have had in her poker career "for being hot" as some weird people keep saying.
I came here for the video expecting to be told stuff I already heard a thousand times and she totally went past my expectations in that short time. I'm grateful for this.
But lets be real though, the dude that jumped out his seat first to clap looked like he was pleased by both her great speech and her looks. His face was beyond what I've ever seen in a ted crowd lmfao
the guy with glasses is her boyfriend. the other guy is probably a relative too.
Top!!!
Wise info.....Beautiful and Smart.....Thank U Liv : )
I hate the Good morning/ messages giving daily dose of guidance even though you don't need it! Thanks for turning them down👍
@ 4:18 damn she just roasted Kempe, Ike, Voggelsang etc 😂😭😭
Nearly 4 million dollars in winnings and such natural beauty, lovely.