You’re beaten, and you’re unlikely to improve. For example, imagine your opponent has three-of-a-kind, and you have two pair. Unfortunately, poker players love to “go big” with sexy concepts like this one, and they invariably go too far. There’s nothing you could be holding that’s bad enough to warrant a fold. You’re the big blind, and the player to your right bets three big blinds, forcing you to call (all-in) or fold. For instance, let’s say that the blinds currently cost half your stack. In a poker tournament, this makes pretty good sense. The odds of winning have to be pretty bad for it to make sense, mathematically, to throw in your hand. He always loses, and according to Molly, that’s because he “embraced the fallacy of being ‘pot-committed.’” This is a subtle concept that has been imported into poker from game theory, and it goes like this: if you’ve put a certain amount of money into the pot, and you don’t have a whole lot of money left, you shouldn’t fold. ISBN 9781841697413.Molly Bloom is describing one of the players at her high-stakes, invitation-only game of Texas Hold ‘Em. Thinking and Reasoning: An Introduction to the Psychology of Reason, Judgment and Decision Making. "Top 10: Football superstitions to rival Arsenal's Kolo Toure". Attacking Faulty Reasoning: A Practical Guide to Fallacy-Free Arguments (3rd ed.). "Post hoc ergo propter hoc : some benefits of rationalization". Wider Das Post Hoc Ergo Propter Hoc - Primary Source Edition.
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