{"id":156,"date":"2009-12-21T22:39:36","date_gmt":"2009-12-22T06:39:36","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=156"},"modified":"2009-12-27T12:49:07","modified_gmt":"2009-12-27T20:49:07","slug":"a-skill-game-with-random-elements-poker-life-you-name-it","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2009\/12\/a-skill-game-with-random-elements-poker-life-you-name-it\/","title":{"rendered":"A Skill Game With Random Elements &#8211; Poker, Life, You Name It!"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.blackswanreport.com\/media\/jason-calacanis-annie-duke.jpg\" alt=\"jason-calacanis-annie-duke.jpg\" width=\"714\" height=\"333\" \/><\/p>\n<p>\u00a0<\/p>\n<p>Jason Calacanis (Jason and NNT actually met at <a title=\"Edge Master Class 2009\" href=\"http:\/\/www.edge.org\/3rd_culture\/church_venter09\/church_venter09_index.html\" target=\"_blank\">Edge Master Class 2009<\/a>) is a serial entrepreneur currently the founder of <a title=\"Jason Calicans at Mahalo.com\" href=\"http:\/\/www.mahalo.com\/jason-calacanis\" target=\"_blank\">Mahalo.com<\/a>.\u00a0 He also hosts <a title=\"This Week In Startups\" href=\"http:\/\/thisweekinstartups.com\/2009\/12\/twist-30-with-annie-duke\/\" target=\"_blank\">ThisWeekInStartups.com<\/a>, a weekly online tv show featuring interviews with web entrepreneurs. But he also plays poker. So he invited professional poker player Annie Duke onto the show for a special poker-centric episode. (Annie is also the founder of a couple of <a title=\"Annie Duke's MyMixedNuts.com\" href=\"http:\/\/mymixednuts.com\/\" target=\"_blank\">companies<\/a>). A portion of the interview resonated with what I know of the Black Swan and it was very satisfying to even hear this sort of language being used in conversation outside of an NNT talk.<\/p>\n<p><a href=\"http:\/\/www.blackswanreport.com\/blog\/..\/media\/TWiST-30-Jason-Calacanis-Annie-Duke.mp3\">Listen: TWiST-30-Jason-Calacanis-Annie-Duke<\/a><\/p>\n<p>Notes:<br \/>skill vs luck axis<br \/>luck side = social side, things in the world<br \/>skill side = private side<br \/>result<br \/>win\/loss<br \/>privatize good results<br \/>socialize bad results, i.e. blaming luck<br \/>But<br \/>Sometimes when you lose you played well.<br \/>Sometimes when you lose you played poorly.<br \/>Sometimes when you win you played well.<br \/>Sometimes when you win you played poorly.<\/p>\n<p>Have to examine performance, in retrospect, in order improve results.<\/p>\n<p>Two of those quadrants you have no control over.<br \/>So you might as well focus on the ones you do have control over.<\/p>\n<p>Tilt in poker = Tilt is a poker term for a state of mental confusion or frustration in which a player adopts a less than optimal strategy, usually resulting in the player becoming over-aggressive.<\/p>\n<p>Controlling tilt.<br \/>When we look at the result (of a hand), ask yourself one question first- Was the result in my control?<br \/>If the answer is no, then why do you care? (Why let it impact you emotionally.)<br \/>If you didn&#8217;t do anything wrong, if your decision processes are good,\u00a0 Why get upset?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Jason Calacanis (Jason and NNT actually met at Edge Master Class 2009) is a serial entrepreneur currently the founder of Mahalo.com.\u00a0 He also hosts ThisWeekInStartups.com, a weekly online tv show featuring interviews with web entrepreneurs. But he also plays poker. So he invited professional poker player Annie Duke onto the show for a special [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,4],"tags":[26,30,25,27,29,23,24,28,31],"class_list":["post-156","post","type-post","status-publish","format-standard","hentry","category-audio","category-john","tag-annie-duke","tag-blaming-luck","tag-jason-calacanis","tag-poker","tag-skill-luck-axis","tag-this-week-in-startups","tag-thisweekinstartups","tag-tilt","tag-variable-ratio-schedule"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=156"}],"version-history":[{"count":9,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/156\/revisions"}],"predecessor-version":[{"id":164,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/156\/revisions\/164"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}