81–90 of 122 posts
There is a fantastic blog post by Ross Rheingans-Yoo about the shortcomings of poker as a tool to teach trading and why Figgie is a better one. https://blog.rossry.net/figgie/ He also wrote an equally brilliant eulogy about Max Chiswick, one of his colleagues, who helped him develop it. https://blog.rossry.net/chisness/
I've enjoyed playing this. The basic strategy that works for me: 1. If I have an obvious skew in the distribution of cards I've been dealt, I can assume the common suit and hence the goal suit and try to buy the cards of that suit. 2. If the distribution of cards I have is more or less even, then I just save that round and try to make back the base cost. The hard part has been trying to understand how to update my be…
There is a fantastic blog post by Ross Rheingans-Yoo about the shortcomings of poker as a tool to teach trading and why Figgie is a better one. https://blog.rossry.net/figgie/ He also wrote an equally brilliant eulogy about Max Chiswick, one of his colleagues, who helped him develop it. https://blog.rossry.net/chisness/
Earlier quoted context omitted.
My impression is that he’s sincere, but that his writing is lighthearted and does “overplay” things for humorous effect. That said, I do think he’s opposed to seed oil. Not having looked into it much, I can’t judge whether he’s crazy or not. But even if he’s wrong, who among us _doesn’t_ have some conspiracy-ish views? I’ll go first: I think fruit juice and milk are not “health foods”, and more comparable to soda. We…
Plenty of agricultural subsidies there for sure, but milk and even fruit juice do provide some nutrients (besides sugar and water) so I think it might be overstating the case a little to lump them in with soda.
Love this. I’d really like to play with real cards, but the uneven suit setup makes that tough as a party game unless the host sits out. I guess you could prepare a bunch of decks ahead of time. At 4 minutes a round you’d need maybe 10 decks for an hour of playing though. To even it out I guess you’d have 12? But that means you’d have more info about what’s likely in later rounds.. Hmm. Maybe I can nerd snipe some in…
You can easily set up the cards with two honest Players. Player 1 sorts and makes four piles S-C--H-D. Player 1 looks away, Player 2 puts 8/12 markers randomly on either the first two piles or the last two piles, then randomizes the piles (so Player 1 gets no information from the order).
The hard part is how to do the trading with real cards. You would have to structure/limit the trading a lot instead of the free-for-all that seems to be going on.
Earlier quoted context omitted.
> trading just doesn’t make sense to me. it's not complicated. suppose Bob wants to buy an Acura NSX and Kazuo wants to sell a Honda NSX. enter trader Joe. he knows Bob, and he knows Kazuo, and he knows that the Honda NSX was also marketed as the Acura NSX. trader Joe can buy the car from Kazuo, obtain an export license, arrange for shipping and tax duties, and sell the car to Bob for a profit. that is called trading…
> now does it make sense? no. speculation and trading are practically the same to me, the end result is an unhealthy amount of money and immoral profit extraction from virtually doing nothing at all.
Love this. I’d really like to play with real cards, but the uneven suit setup makes that tough as a party game unless the host sits out. I guess you could prepare a bunch of decks ahead of time. At 4 minutes a round you’d need maybe 10 decks for an hour of playing though. To even it out I guess you’d have 12? But that means you’d have more info about what’s likely in later rounds.. Hmm. Maybe I can nerd snipe some in…
1. Grab at least 4 cards of each suit 2. Sort them to follow a repeating pattern of 4 distinct suits, e.g. ♥♦♣♠♥♦♣♠♥♦♣♠... 2. Cut the deck, putting the top part under the bottom part 3. (The deck will still have that pattern, but shifted by an unknown amount) 4. Counting out from the top, remove the following cards: - 1st, 5th, 9th, 13th - 2nd, 6th - 3rd, 7th Or: take 3, skip 1, take 3, skip 1, take 1, skip 3, take 1…
There is a fantastic blog post by Ross Rheingans-Yoo about the shortcomings of poker as a tool to teach trading and why Figgie is a better one. https://blog.rossry.net/figgie/ He also wrote an equally brilliant eulogy about Max Chiswick, one of his colleagues, who helped him develop it. https://blog.rossry.net/chisness/
"Put that way, I was (and am) convinced that my original post was arguing against a strawman . I had never actually played the kind of poker that would make a fair comparison!"
There is a fantastic blog post by Ross Rheingans-Yoo about the shortcomings of poker as a tool to teach trading and why Figgie is a better one. https://blog.rossry.net/figgie/ He also wrote an equally brilliant eulogy about Max Chiswick, one of his colleagues, who helped him develop it. https://blog.rossry.net/chisness/
I play poker. It really takes thousands of hours to understand the game from a strategic point of view. Then when you have a few very good players, maybe you can start talking about psychology.