Word: move
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...game tree.” Every time he or one of his poker friends chooses an action—whether to raise, fold, or call—he’s taking a different branch of the tree, which is composed of all the possible moves and all the possible ends. As you move up the tree, it narrows down to what is called your distribution, or the hands you can possibly hold. Professionals, Hawrilenko says, try to maximize the value of their distributions and balance the best possible hands with both good and bad hands. But even those with...
...says. “To be blunt, a lot of them really don’t have enough of their own skin in the game.” Though some poker players might be capable of beating a bigger game, they don’t move into higher stakes because they know that their bankroll can’t withstand the variants, he says. One of the biggest mistakes a novice player can make is to be too bold, too early. “If you’re a gambler and you do something really, really dumb...
...half-truths pose serious threats to intelligent discourse and one of the greatest problems of our generation—health care—must be engaged with seriously, these schoolyard antics on the part of both Fox and the White House neither are politically expedient nor do they move debate forward. The White House should take Fox’s deliberate deceptions seriously, but there are more intelligent ways to deal with lies than picking a fight that can’t be won at a reasonable cost. For now, the focus should be on what is being said...
...been planning to move to Saudi Arabia to become a pharmacist...
...other central banks might be wary of deviating too far from its policy. "The nature of the coordination is not that bankers sit around a table and do things together," says the University of Leuven's De Grauwe. "The nature is that some of the big guys make a move and force everyone to move." In the global recovery, as in the downturn, everyone may sink or swim together...