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This sums up my ideals-- "I swear--by my life and my love of it--that I will never live for the sake of another man, nor ask another man to live for mine." --Ayn Rand (from Galt's Speech, Atlas Shrugged

Monday, August 18, 2008

Poker's Similarity to Capitalism

I think poker is the ultimate game of the Capitalist. More than that just like Capitalism correlates with mans needs qua man so does the game of poker.

When men trade via Capitalism they use money as the means of exchange, and the agreed upon price represents a sum of a nearly limitless number of value judgments of each trader. In poker chips perform the exact same function of money. A man can only know a limited amount of information of his transaction in either poker or trade, therefore money or chips quickly set an agreed upon value to every transaction. If you think you are going to profit you buy at the price you or the other person sets given an infinitude of factors. The same principle follows in poker. Given your limited knowledge of what the other person is selling and other factors, (marketing ;) ) you either buy what he's selling or you raise the price or drop out depending on the whole context of your present knowledge. The degree to which you appropriately acquired knowledge in either case usually directly correlates to your degree of profit or loss in regards to either one.

I'll admit that this line of reasoning might seem to be a bit random to an outside observer, but it does represent my current thinking if that is enough of an interest for anyone, reading.

I would also say just as poker correlates to Capitalism and Capitalism to real life, i.e., ethics, poker has its correlation to real life instances.

There are times in you life that you decide to play the hand you were dealt to the best of your ability because given the context you think it is the best hand you can play on a given day or period of your life. So you do a careful study of all the circumstances and knowledge available and you make the best decision that you can given what you know to be true and what you know of the strength of your hand. You decide to move all-in. After the chips fall you have done all that you can up to that point given the current context and what happens next is up to your opponent and/or chance. You made the best choice you could. You played your best game. You put all your chips in and all you can do is wait to see what develops.

I recently moved my chips all-in. What happens, happens. A is A

EC

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