“Poker teaches people to think for themselves, it is a key component of individuality and a prime aspect of managing resources,” Prof Nesson said, admitting that some of these instincts for survival hardly encouraged notions of mutual trust.
Business dealmakers could learn from poker the art of avoiding making the first offer, he added, while teenage tearaways could take from it life skills such as patience, composure, respect for their foes and understanding someone else’s point of view. Law graduates would understand the law of evidence and diplomats could apply the art of bluffing to international relations.
As for personal finance and risk management, Prof Nesson said there was no better educational tool than poker to teach people how to make the most of their limited chips stack and “how to lose” or “to lose well”.
“As far as I’m concerned, it would be a better world if we all played poker,” Prof Nesson said.”
Financial Times (08/17/07)
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