Saturday, August 31, 2019

Comparisons: The Looking Price


The Red Sox returned a "wagon" from their 2018 championship team. With a month left in the season, they're on the outside looking in, a long shot for a playoff berth. 

Teams can't win titles on paper. Annie Dukes, a former World Series of Poker winner, clarifies this in Thinking in Bets. It's not a poker book, but a decisions book. Dukes opines that poker is about 76 percent skill and 24 percent luck. 



The work undertaken to earn a spot is akin to "the looking price" in the classic Cincinnati Kid. The looking price enters you into the marathon of the season. 

The daily process of building athleticism, skill, experience, decision-making and a robust emotional approach to competing in the big moments defines you...even more than final results. Why? Because of the luck factor - injuries, balls that hit tape and bounce one way or another, an official's call for or against you on a tip, a line, or a net violation. 

When comparing an individual player to another, we're subject to biases - endowment/ownership bias, recency bias, confirmation bias (read what we believe), anchoring, and more. It's impossible for me or any other parent to suspend bias about our child. The actions we saw yesterday are 'fresher' than historical ones, and we fixate on a player as similar (or different) from a former one. 

Opinions and comparisons are not facts. Enjoy the ride. 

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