Kenneth Bernoska

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Many of the professional players, reliant on the game for income, had soldiered on and kept playing, but most of the amateurs withdrew their funds or went broke. The fragile ecology of the poker economy was turned upside down—without those weak players to prop the game up, the water level had risen, and some of the sharks turned into suckers.
The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
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