The argument of luck vs. skill is a fun one to have around the poker table or on the golf course, but it also has real implications in our everyday lives—from gambling laws to business practices to the creative arts. So what is the relationship between luck vs. skill in some of these areas? This hour, we ask an investment banker, a game designer, a professional poker player Annie Duke, and legendary choreographer Bill T. Jones.
Jason Rohrer is one of the top game designers in the world. So when the Unlawful Internet Gaming Enforcement Act came out , he found a loophole. Turns out, its' not all internet gambling games that are against the law. It's only the ones that are subject to chance. He claims that his new online gambling game is all skill.
Want to be sccessful at gambling? How about sports? Inventments? Michael Mauboussi is the Head of Global Financial Strategies at Credit Suisse and author of a book where he outlines “The Success Equation."
Choreographer Bill T. Jones says that while many of us are trying to put more skill into our lives, his mentor, the musician John Cage, spent his life trying to do just the opposite. Jones says Cage’s music was often based on randomness and chance.
In 2004, Anne Duke was in the final of the World Series of Poker. She was up against the top two poker players in the world, Phil Helmuth and Howard Lederer (who happened to be her older brother). And the jackpot was $2 million. Annie won, but that's not the entire story. It's how she won that became legendary.
European leaders are once again trying to hash out an agreement with Greece to resolve its debt crisis. If a deal isn’t reached, Greece could leave, or be removed from, the Eurozone. That could trigger an even bigger crisis—one that could easily spill over to the U.S. British historian Adam Tooze says this is about the future of Europe, the ongoing struggles of capitalist economies, and the fate of the American Empire.
Philosophers get a bad rap - they're written off as too academic, too detached from daily life. But we're seeing a philosophy revival, from philosophy cafes to philosophers as therapists. From the Stoics to Spinoza, an argument for why philosophy still matters.
Today, the Dutch philosopher Spinoza - father of the Enlightenment - is revered, but in the mid-17th century, he was branded a heretic by his Jewish congregation in Amsterdam. Recently, philosopher Steve Nadler was asked if Spinoza should be exonerated. He explains why he said no.