Poker Economics
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- čas přidán 4. 06. 2015
- MIT 15.S50 Poker Theory and Analysis, IAP 2015
View the complete course: ocw.mit.edu/15-S50IAP15
Instructor: Aaron Brown
Guest Aaron Brown discusses the history of poker, its influence on futures trading in nineteenth century United States.
License: Creative Commons BY-NC-SA
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Very interesting. Much appreciated. Thank you MIT.
Great lecture!
Fascinating video…awesome
Thanks, MIT! Great stuff
Good story good lessons 👌
21:10 is he going to substantiate the claim that credit creation (chips from gambling) led to PRODUCTIVE economic activity?
It sounds like it could theoretically make someone work more, if they didn't have the regular cash/coins to pay you, and wanted to keep their reputation good…
Awesome stuff. Keen for some quantitative analysis!
I came here thinking it would be a quantitative lecture. Very disappointed. The title "Poker History" would be more accurate.
what kind of quantitative lecture? One on economics?
By "Poker Economics" I thought it would be a lecture about bet sizes, anti-SB-BB relative values in specific hand situations, etc, etc, etc...
But, no, it was just about history and social aspects of poker.
20:35 "susus, tonquins, wichingis" --- anybody have a reference, or proper spelling, on these prehistorical credit facilities?
I found a wikipedia page about Susu (informal loan club) ... that's it.
oops, that's tonTINES, and a wikipedia page under that spelling. but "uiqingi"? "wichingi"? ....
Good
I wouldn't want 2 play poker with this guy lol 😆
8:00 ish what are they looking at and talking about. why would ace hands be more common im confused. someone wanna help with an explanation about what is going on here?
He is talking about hand strength. The rarer the hand, the higher it ranks. The least rare hand strength is “ace high” because all you need is to have one Ace, as opposed to a “flush” or “straight” for example which requires either 5 of one suit, or 5 numbers in a row (56789)- the latter of which, you will inherent with much less frequency than the former
That region had fewer laws and regulations and there was truly “freedom” for business people and no taxes - a haven for capitalism and business development.
Where is the missing part ?
What you mean? What missing part?
👏👏👏
Anyone watching these to get better at poker can skip this one
Fish
@@RaisedByTheMostHigh I love fish 🐟🐟🐕🐾🐾🐾
@@fozzz-vb5oj don't all sharks 🦈🦈🦈
woow
34:52 He said "malaise" like "muh-lies", lol... but then he said it properly less than a minute later! :-O
Huge if true
Cowboy College?
Baccarat is pretty damn close to random.
Ed Thorp beat baccarat as well!
there were MORMONS in the NW in the late 1800s
G- is he allowed to say that Ladies and Gentlemen...
3:00 ish the way you become rich is by theft. there is no other way. you need, especially at the time spoke about here, labor and lots of it. labor might have been expensive but it is always profited upon or it doesnt exist. not under these systems. the glossing over these obvious facts (obvious to everyone who has thought about it) is very problematic.
Bullshit
@@CobraQuotes1 yeah you're right some can be good at sports or win a state lotto, so I admit, its only a true statement for 99% of the time (although for the ruling class, entrenched, generational, power its true in absolutely every case)
why did a MIT professor pronounce "sparsely" wrong?
Because professors are still people, and when they write and lecture for dozens of hours every week, eventually they make mistakes like any person would in any kind of job or position.
did this guy really just stand there and talked for an hour of nothing? ...
He’s talking about poker