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Comment by gwd

6 hours ago

Life is full of uncertainty. Learning to take calculated risks, where most attempts fail but a few ones pay off big, is an important life skill. Reading other people's behavior to infer hidden information is another one -- Jane Street apparently used to have people learn poker to learn how to infer hidden information from the behavior of other people buying and selling stocks, but invented their own game (https://www.figgie.com/) to teach the same skills more efficiently.

ETA: I would say, when poker is taught correctly, it should discourage anyone from the sorts of gambling which are problematic:

Problem 1: Wasting your money in situations where the odds are "with the house". This would include playing slot machines or basically anything at a casino, the lottery, or even 50/50 raffles (although I can see an exception for the last one).

Poker should teach you to only take bets where the expected value (value of winning * prob winning) is greater than the cost, which is not true in the above examples.

Problem 2: Getting sucked into betting more and more to make up what you've already lost. One aspect of long-term poker should be teaching you is how to manage this effectively.