Strategy

Keep a cool head

Decide as well after a setback as before it, and judge decisions, not results.

Why it matters

After a loss people tend to take bigger risks to get even, and after a win they play loosely with what feels like spare money. Both are about feeling, not the position in front of them. A good decision can lose and a bad one can win; only the decision is yours to improve.

The question to ask

Would I make this choice if the last result had gone the other way?

At work

After a lost deal, review what you knew and decided at the time, not just the outcome, before changing the whole approach.

In study

After one bad test, keep the next week's plan instead of cramming in a panic; then look at which answers went wrong, and why.

Lessons

  1. Spend effort where it mattersTime and attention are limited. Decide small choices you can undo quickly, and spend your effort on the few that are large and final.
  2. Make it hardWhen you are behind, do not give in early. Find the defence that leaves the other side the most to get right.
  3. Review calmly: decisions, not resultsJudge a choice by what you knew, and could have found out, when you made it, not only by how it turned out.

Shown and practised in poker: After a bad loss.

Practise it in a game, about five minutes against bots: the Gain or loss? lab.

Use it in a work case, a short story of linked decisions: The group project, Your first job, Hiring a designer.

New to chess? The examples here use it. Play your first moves (five minutes), then learn chess from the beginning, one short lesson at a time.

New to poker? Play your first hands, with a coach at every decision. Practice points only.

Practise and review

Questions from every lesson above, in mixed order. You do not need to finish a lesson first.

Your level
Not started
In the games
Not started
Due for review
0

No tries yet.

In the reference

  • Judge decisions, not resultsA good decision can turn out badly, and a bad one can get lucky. Judge by what you knew, and what you could reasonably have found out, when you decided.
  • Keep a cool headDecide as well after a setback as before it.
  • Say it both waysThe same choice, put as what you keep or as what you lose, gets different answers. Restate it the other way before you decide.