K Tsang

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Bet sizing and what it accomplishes is an incredibly useful analogue for most any decision. How much are you risking to accomplish what, exactly? What are the situations where you want to bet frequently and small? Where do you want to bet less often, but big? When do you over-bet? When do you want to appear pot-committed, like Thomas Schelling and his rogue driver playing a game of chicken, ripping the steering wheel from the car in a display of ultimate commitment to not swerving? And how does it all change depending on your opponent? Every tactic you use, you have to ask what it accomplishes ...more
The Biggest Bluff: How I Learned to Pay Attention, Master Myself, and Win
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