Dr. Dylan Evans has come up with a premise that there exists amongst the various forms of intelligence, a type of intelligence that he has named 'Risk Intelligence'.
maybe, just me, but as a gambler i find this concept a fascinating one indeed, not just in light of the subject of gambling but in light of the planets current economic malaise, not to mention other perilous aspects that we face.
take a look and listen through the following links if you'd like to gain some insight into what the concept is.
http://www.dylan.org.uk/
http://gaming.unlv.edu/audio/010_evans.mp3
i'll just add Nassim Taleb's link as well, as he has written on similar issues as well, as how this sort of thing relates to gambling in casinos and mankind's functioning in the economic world.
http://www.fooledbyrandomness.com/
Dr. Evans has categorized types of gamblers. roughly it goes like this, compulsive gamblers, recreational gamblers and professional gamblers.
i consider myself in the recreational gambler category with one exception, that being i'm in it to make a gain, or at least not lose while enjoying the activity.
that being the case i borrow from the techniques of the pro's while not adhering strictly to their methods. i try and employ those techniques and that knowledge in a 'street smart' way. this is my humble attempt at using 'risk intelligence' on the fly so to speak when dealing with casinos.
that all said, i think it would be wise for Dr. Evans to consider the distinction between the world inside the walls of casinos and the world out side of those walls, at least to a certain extent. i'd recommend that in the sense that Taleb postulates the 'ludic realm' (inside casino's) and the realm of the real world (the world outside of casino walls).
this is i believe an important distinction when considering the idea of 'risk intelligence' even if it is likely that shades of the 'ludic realm' and shades of the realm of the real world probably do blend in certain regards.
just me maybe but i suspect neglecting 'osmosis' between the two realms can be a pitfall for those trying to employ purely mathematical measures when dealing with risk in either realm.
point being, perhaps there really is such a function such as 'risk intelligence' and perhaps the lack of use of it can cause gamblers and investors who rely purely on mathematics, perilous prospects that mathematics isn't capable of dealing with.
i find it interesting that both Evans and Taleb mention the concept of 'street smart' capabilities. a nebulous term perhaps but a term that lends light upon the idea that when dealing with uncertainty and risk there may be more of a wise tactic to take than mathematics alone.
success in gambling and investing alone may not be the best indicator of good tactics for dealing with uncertainty and risk. reason being is we can be blinded by the spectacular show that success presents while we are unaware of the 'graveyard' in which those who have succeeded and then failed find themselves currently pushing up daises. lol.
just maybe we as products of the evolution of the universe, a universe that seems to have spawned from primordial random elements and events that are fundamentally underpinned with uncertainty, living beings that have always had to deal with uncertainty and risk through out the ages, just maybe we all have some degree of 'risk intelligence'.
what ever i'm sure interested in developing the use of it.
maybe, just me, but as a gambler i find this concept a fascinating one indeed, not just in light of the subject of gambling but in light of the planets current economic malaise, not to mention other perilous aspects that we face.
take a look and listen through the following links if you'd like to gain some insight into what the concept is.
http://www.dylan.org.uk/
http://gaming.unlv.edu/audio/010_evans.mp3
i'll just add Nassim Taleb's link as well, as he has written on similar issues as well, as how this sort of thing relates to gambling in casinos and mankind's functioning in the economic world.
http://www.fooledbyrandomness.com/
Dr. Evans has categorized types of gamblers. roughly it goes like this, compulsive gamblers, recreational gamblers and professional gamblers.
i consider myself in the recreational gambler category with one exception, that being i'm in it to make a gain, or at least not lose while enjoying the activity.
that being the case i borrow from the techniques of the pro's while not adhering strictly to their methods. i try and employ those techniques and that knowledge in a 'street smart' way. this is my humble attempt at using 'risk intelligence' on the fly so to speak when dealing with casinos.
that all said, i think it would be wise for Dr. Evans to consider the distinction between the world inside the walls of casinos and the world out side of those walls, at least to a certain extent. i'd recommend that in the sense that Taleb postulates the 'ludic realm' (inside casino's) and the realm of the real world (the world outside of casino walls).
this is i believe an important distinction when considering the idea of 'risk intelligence' even if it is likely that shades of the 'ludic realm' and shades of the realm of the real world probably do blend in certain regards.
just me maybe but i suspect neglecting 'osmosis' between the two realms can be a pitfall for those trying to employ purely mathematical measures when dealing with risk in either realm.
point being, perhaps there really is such a function such as 'risk intelligence' and perhaps the lack of use of it can cause gamblers and investors who rely purely on mathematics, perilous prospects that mathematics isn't capable of dealing with.
i find it interesting that both Evans and Taleb mention the concept of 'street smart' capabilities. a nebulous term perhaps but a term that lends light upon the idea that when dealing with uncertainty and risk there may be more of a wise tactic to take than mathematics alone.
success in gambling and investing alone may not be the best indicator of good tactics for dealing with uncertainty and risk. reason being is we can be blinded by the spectacular show that success presents while we are unaware of the 'graveyard' in which those who have succeeded and then failed find themselves currently pushing up daises. lol.
just maybe we as products of the evolution of the universe, a universe that seems to have spawned from primordial random elements and events that are fundamentally underpinned with uncertainty, living beings that have always had to deal with uncertainty and risk through out the ages, just maybe we all have some degree of 'risk intelligence'.
what ever i'm sure interested in developing the use of it.
