13: What poker tells us about risk

BlackRock
00:23:52 Report Issue
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Chapters & Sections (51)

00:00 Introduction to Poker as a Decision-Making Tool chapter 3
00:00 Podcast Context and Host Introduction
00:30 Guest Overview and Background
01:01 Initial Motivation for Poker
01:30 From Psychology to Poker: Theoretical Foundations chapter 5
01:32 Influence of Game Theory and John von Neumann
02:03 Comparison Between Chess, Poker, and Life
02:34 Distinguishing Poker from Gambling
03:06 Skill vs. Luck in Long-Term Outcomes
03:38 Psychology of Decision-Making Under Uncertainty
04:10 Practical Insights on Risk, Uncertainty, and Control chapter 6
04:10 Learning Through Experience vs. Description
04:40 Control Illusions in Stock Market Simulations
05:11 Feedback and Adaptation in Investment Games
05:43 Illusion of Control and Its Impact on Learning
06:13 Behavioral Patterns in Smart vs. Less Successful Investors
06:45 Strategies to Mitigate Control Illusions
07:15 Applying Poker Lessons to Investment Decision-Making chapter 1
07:15 Practical Advice for Daily Decision Confidence
07:46 Decision-Making Under Uncertainty chapter 3
07:46 Balancing Paralyzing Analysis with Action
08:16 Outcome Orientation and Decision Reflection
08:47 Coaching as an Objective Review Process
09:18 The Role of Coaching in Decision Processes chapter 1
09:18 Decision Diary to Combat Hindsight Bias
10:18 Trust and Its Evolutionary Roots chapter 3
10:18 Trust as a Default Human Condition
10:50 Generalized Trust and Societal Outcomes
11:23 Trust in Experimental Games
11:54 Societal Trust Levels and Their Impact chapter 1
11:54 Current Low Trust Levels Worldwide
12:26 Technology Platforms as Trust Builders chapter 3
12:26 Rebuilding Trust Through Technology Platforms
13:28 Vivid Experiences and Trust Reinforcement
14:00 Negative Experiences vs. Convenience in Trust Decisions
15:01 Trust and Deception in Technology chapter 2
15:01 Deception and Trust in Everyday Life
15:32 Fintech Challenges: Convenience vs. Regulation
16:04 Building Trust in Fintech and AI chapter 2
16:04 Feedback Loops and Transparency in Tech
16:35 AI Decision-Making and the Black Box Problem
17:06 Human Psychology of Uncertainty chapter 3
17:06 Uncertainty, Overconfidence, and Human Bias
18:07 The Pink Elephant Effect and Belief Formation
19:43 False Certainty and Overconfidence in Expertise
20:46 Rapid Fire Q&A and Closing Thoughts chapter 1
20:46 Rapid Fire Round: Fake News, Trust, and Brands
22:19 Legal and Regulatory Disclaimers chapter 3
22:19 Reliability of Sources and Forward-Looking Statements
22:51 Risk Disclosure and Investment Advice Disclaimer
23:21 Regulatory Compliance in Mexico and Copyright Notice

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