Reply to thread

Message: [QUOTE="PHX, post: 5274513, member: 126398"] Cognitive Biases - Very rampant among Poker players they create a reality in which every time they take a beat poker is rigged. They only remember beats but conveniently forget the times when their hands holds or get they get lucky. In their world bad beats should not happen to them. Loss Aversion - I only play mtt so not sure about cash. It is present in mtts with the pay jumps. Fold and hold onto what you have or make the right play and risk getting unlucky or being wrong and loose what you have. I understand both sides of the argument and do I both in different tournaments. Which way is correct I do not know. Everyone will say you got to make the right play 100% of time and it will benefit in the long run but I found making an incorrect fold or two can be very profitable. [/QUOTE]