Game theory: what poker and finance have in common – MIT Sloan School of Management

Kevin Desmond believes the same strategic thinking used to win at poker can yield successful finance and investing decisions.

Sourced through Scoop.it from: mitsloan.mit.edu

A lot of very successful people in finance have a background in poker; coming into a career in finance already understanding risk-management on a personal-level is critical.  Poker and trading both require balancing expected-returns against associated-risks and in both activities the key to success is self-discipline.  The same strategic-thinking that can help you win the card game can yield sound-financial and investing decisions. • Kevin Desmond spent years as a stock and equities trader at Morgan Stanley and is an experienced online and live player at low, mid and high-stakes.

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