How to make decisions like a poker player
I&#x27;ve also heard this topic referred to as &quot;results-oriented thinking,&quot; which is generally what you don&#x27;t want: you shouldn&#x27;t judge a decision based on its result, but on the information you had at the time.<p>The key to this idea, which I don&#x27;t see covered in the blog post, for making future decisions is that you shouldn&#x27;t let past bad luck affect your future decisions. If you lose a positive EV bet, it shouldn&#x27;t shy you away from making the same bet again.<p>Some examples off the top of my head about decision-making traps people could make:
- Continuing to bet at the roulette wheel to &quot;regain&quot; what you&#x27;ve lost
- Not going to a well-rated restaurant again just because you had a random bad experience
- Not investing in ETFs after being burned by past downturns
- Playing MTG and not burning them out just because they had a counterspell last game