Card players, plan ahead: A new study of online poker seems shows that the more hands players win, the less money they’re likely to collect. If this doesn’t seem to make sense, keep reading.
Sociologist Kyle Siler, who analyzed 27 million online poker hands, says the reason is that the multiple wins are usually for small stakes, and the more you play, the more likely you will eventually lose due to an occasional big loss.
PhysOrg.com quotes Siler is quoted as saying that his discovery “coincides with observations in behavioral economics that people overweigh their frequent small gains vis-
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