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Personal investing

Avoid common behavioural biases when investing

Poker is known as a wicked environment: a setting that is dynamic and uncertain; where things are hidden, and you don’t always have all the information on hand. However, the game of poker is a great learning opportunity – especially for investors who have to make decisions in a similarly “wicked environment”.

At the 2019 Allan Gray Investment Summit, Maria Konnikova, a psychologist, author and writer for The New Yorker, discussed key learnings from her time as a professional poker player that could help investors improve their outcomes. 

In the short clip below, she discusses common fallacies that are present in poker and investing with useful advice on how to avoid falling into these behavioural blind spots.

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