In 1966, Howard Hughes, the reclusive millionaire mogul, moved into the Desert Inn—and bought the whole hotel rather than leave. He soon owned much of the town. And by the time Steve Wynn decided to build the Mirage, the first of the truly modern Vegas resorts, in 1989, the mob was all but replaced by Hollywood glitter. Vegas should have disappeare

We have won the impossible, improbable lottery of birth. And we don’t know what will happen. We never can. There’s no skill in birth and death. At the beginning and at the end, luck reigns unchallenged. Here’s the truth: most of the world is noise, and we spend most of our lives trying to make sense of it. We are, in the end, nothing more than inte

Not a refusal, but something that leaves the action open. Turn the decision momentum so that the power of position is on my side. Do nothing without first gauging my opponent’s reaction. Reveal nothing about the strength of my hand until I have to.

“Look, every player is going to want to tell you about the time their aces got cracked. Don’t be that player,” he continues. “Bad beats are a really bad mental habit. You don’t want to ever dwell on them. It doesn’t help you become a better player. It’s like dumping your garbage on someone else’s lawn. It just stinks.”

For Erik, the answer is simple: there is no answer. It’s a constant process of inquiry. A hand can be played any number of ways, as long as the thought process is there. And Erik may himself decide to play the same cards, in the same position, even against the same opponents, in a different fashion from one day to the next. There is no certainty. T

For sushi, Yui and Kabuto. For dinner close to the Rio, the Fat Greek, Peru Chicken, and Sazón. For when I’m feeling nostalgic for the jerk chicken of my local Crown Heights spots, Big Jerk. Lola’s for Cajun. Milos, but only for lunch. El Dorado for late-night poker sessions. Partage to celebrate. Lotus of Siam to drown your sorrows in delightful T

“Real life consists of bluffing, of little tactics of deception, of asking yourself what is the other man going to think I mean to do,” von Neumann wrote. “And that is what games are about in my theory.”

It’s helpful advice far beyond the poker table. Streamlined decisions. No immediate actions, or reactions. A standard process. These are the tools that help us cool down rather than act in the moment, that help us stay rational and look at longer time horizons. Streamlining my thought process may make me harder to read—but it will also make my thou

description-experience gap. In study after study, people fail to internalize numeric rules, making decisions based on things like “gut feeling” and “intuition” and “what feels right” rather than based on the data they are shown. We need to train ourselves to see the world in a probabilistic light—and even then, we often ignore the numbers in favor