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Psychologist Jerry Yang and poker

Vaughan writes a great post titled Psychologist wins world poker championships on Jerry Yang, a 29 year-old psychologist and social worker who just won the World Series of Poker. He says:

  • “In terms of dealing with the interaction between social influence and risky financial decisions, a study by Dr. Andreas Roider found that psychologists made, on average, three times as much money as economists and physicists in an online trading game because they were less swayed by the ‘herd instinct’
  • “In other words, psychologists were better at understanding how people actually behave, as opposed to how they should behave if they were choosing the most mathematically correct strategy.”

Very interesting…

He also posits that psychologists may be better at detecting other’s emotions, maybe through the tools we described in this post Improving Your Brain Tools: Reading Emotional Messages in the Face

  • “Concealed emotions, microexpressions, are the fleeting expressions that people make when they are consciously or unconsciously trying to hide their true emotional response. In conscious microexpressions they may be trying to lie, while with unconscious expressions, they may not even be aware of what they are truly feeling.” 
  • According to Paul Ekman, “These expressions tend to be very extreme and very fast. Eighty to 90 percent of people we tested don’t see them.”

Brain Fitness is more than we usually think…
 

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3 Responses

  1. Terri says:

    True. Businessmen should have taken psychology classes during their course of study to deal with people. Being able to understand people’s emotion can really make a big difference, especially in business..

  2. Alvaro says:

    True, Terry. In fact, Daniel Goldman and his Emotional Intelligence books have been very useful to make business executives aware of this need. Cheers

  3. Wally says:

    I agree. I think psychology classes should be a part of their studies. It will only take a small part of their time. Besides, it’s very useful as long as human emotions is concerned.

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