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Author: David Sklansky
A Way to Tell If You Are Dreaming
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Best Use of Floorspace, Misunderstanding.
Several casinos decided against poker rooms when their research showed that slot machines make more money on the same number of square feet. But in non super crowded casinos, the poker revenue is simply extra money since it’s easy for someone to move their slot play to other spots. Plus, the poker room may bring… Continue reading Best Use of Floorspace, Misunderstanding.
Translate Mild and Moderate Annoyances Into Money
In most cases when something irritating happens to people, their emotional reaction is quite a bit greater than it would be if they lost an amount of money that coincided with the amount that it would take to fix things (or the amount that they would take in return for enduring the mishap.) Next time… Continue reading Translate Mild and Moderate Annoyances Into Money
Do Criminals Calculate EV?
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Getting Past Middle Manager Roadblocks Whose Self Interest Don’t Coincide with Their Company’s
Poker’s best-selling book (Theory of Poker) was originally published by Prentice Hall but almost wasn’t. The low level editor assigned to approving it, worried what would happen if it flopped. I told him that I would shop it around, it was a big favorite to succeed, and I changed his unethical personal equation by telling… Continue reading Getting Past Middle Manager Roadblocks Whose Self Interest Don’t Coincide with Their Company’s
Is “We Will Match Competitor’s Price” Sometimes Surreptitious Price Fixing?
This is one of those ideas that I thought up myself but was later to find out that others had thought of it before me. Furthermore, there are fairly good counterarguments except when you are talking about a small town with few retailers. Still, I thought it was worth posting because it is a good… Continue reading Is “We Will Match Competitor’s Price” Sometimes Surreptitious Price Fixing?
My Technique to Develop Willpower
As I have written elsewhere (Poker Gaming and Life), what made me think about this was a comment made to me by businessman and expert poker player Jay Heimowitz during the World Series of Poker. He told me that he was not going to play in the final event unless he was ahead money at… Continue reading My Technique to Develop Willpower
Can Leniency Create a New Category of Criminal?
Those who are already committing negative EV crimes are not likely to increase their output much if the EV turns positive due to the fact that the punishments, or the probability of getting caught, are diminished. However, there is no way of knowing how many immoral people are waiting in the wings for plus EV… Continue reading Can Leniency Create a New Category of Criminal?
Paying for Info
Whether it be actual money or perhaps a normally negative EV play early in a poker hand that will make your opponent give away his hand, you should have an idea of the correct price. It is the weighted average of the various gains you achieve compared to your EV had you not known anything.… Continue reading Paying for Info