Join date: Apr 25, 2022

Professor Friedman certainly wasn’t the first person to say that, but he frequently repeated it. He knew that many people believed that they could have free lunches, such as more government benefits with lower taxes. They couldn’t accept that somebody must pay for everything

As far as I know, he never played or wrote about poker. He concentrated on the disastrous effects that believing in free lunches had on political, social, and economic policies. But the same belief devastates many poker players. They try to get everything—profits, fun, relaxation, challenges, status, fame, and so on—because they deny the reality that winning poker demands painful trade-offs.

The actions that satisfy some motives will frustrate others. If you don’t understand, accept, and work within the limitations created by this reality, you’ll make some very bad decisions. Good trade-offs sacrifice lower priority motives to satisfy higher priority ones. To make them you must:

· Know what you want.

· Analyze the costs and benefits of each alternative.

· Select the alternative that offers the best cost/benefit ratio.

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