Annie Duke (professional poker player) thinks it’s better to quit


Annie Duke: You start off you get dealt
two cards, and there’s a round of betting.
And
at that point, and this is actually
a really important concept in poker,
you’re totally allowed to fold.
Peter Attia: I remember when Steve Dubner
and Steven Levitt wrote about this in
Freakonomics:
the benefit of quitting.
We do not spend enough time
encouraging people to quit!
Annie Duke: No, we spend a lot of time
encouraging people to stick to it.
Actually, for everything that you stick to
there’s huge opportunity costs involved,
right?
There’s all the other things
that you could have done.
And if you’re sticking to something that
might have negative expected happiness to
it or negative expected health to it or
negative expected whatever,
you’re giving up the opportunity
to go do something else.
I’m a big fan of “quit fast.”
My theory is: do lots and lots of things
that are basically a “free roll,” where
there’s very little downside to it.
Go try out piano!
It’s like a little bit of your time.
You can’t die doing it.
Just go see if you like
it, but then quit fast!
Just quit fast and move
on to something else.
And then, if you find out “ooh, I really
love this, I really want to spend my time
on it,” now stick to it.
I’m a huge fan of that.
But in poker, this idea is very natural
for a poker player because you’re doing a
lot of the quitting part.
You’re just saying like no this isn’t a
hand that I mathematically want to play.

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