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Monthly Archives: February 2010

Mistakes — Going on Tilt

09-Feb-10

There’s something in Poker called “going on tilt.”
It’s what people do when they they suffer a serious loss, particular one that was unlikely given the odds. They will start to play much more aggressively, get sloppy, make mistakes, take silly risks, etc.
This is irrational, of course: the loss suffered is a sunk cost. While losing [...]