The Value Perspective

The Value Perspective with Maria Konnikova


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This week we're joined by Maria Konnikova. She is an author, a professional poker player, and psychologist. Maria shares with us how she utilised different techniques during her poker career that shaped how she thought about probabilities like the description-experience gap, weighing risk vs. reward and communicating and framing risk. She has found these mindsets have helped in a wide variety of situation from Covid-19 to analysing Presidential Election pundits. 

Maria's newest book The Biggest Bluff: How I Learned to Pay Attention, Master Myself and Win is available now. 

Episode minutes:

01:07 Intro

03:36 Thinking in probability: nature or nurture? 

07:29 How can thought processes learned in poker be used in everyday life? 

10:25 What is the best way to better communicate complex messages about risk? 

15:18 The Power of Variance: why probability doesn't care about history or the past

20:57 Streamlining and optimising your thought processes under pressure 

25:01 What is a bad decision you made? 

27:29  Book Recommendations: The Data Detective by Tim Harford

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Important information. This podcast is for investment professionals only.

This information is not an offer, solicitation or recommendation to buy or sell any financial instrument or to adopt any investment strategy.

Any data has been sourced by us and is provided without any warranties of any kind. It should be independently verified before further publication or use. Third party data is owned or licenced by the data provider and may not be reproduced, extracted or used for any other purpose without the data provider’s consent. Neither we, nor the data provider, will have any liability in connection with the third party data.

Reliance should not be placed on any views or information in the material when taking individual investment and/or strategic decisions. Any references to securities, sectors, regions and/or countries are for illustrative purposes only. The views and opinions contained herein are those of individual to whom they are attributed, and may not necessarily represent views expressed or reflected in other communications, strategies or funds.

The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall.

Past Performance is not a guide to future performance and may not be repeated.

The forecasts included should not be relied upon, are not guaranteed and are provided only as at the date of issue. Our forecasts are based on our own assumptions which may change.

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