View Full Version : Very Interesting Paper (PDF) on Trading and Poker

Dan Mezick
01-19-2005, 03:24 AM
This is a very interesting paper about trading, with many direct references to poker in the text. The paper examines types of traders, their motivations, and how successful each type of trader is.

This paper is written by a research academic. The parallels he draws between "the trading game" and the game of poker makes for extremely interesting 2+2 reading.

...we will first discuss poker games. We will then consider trading, for which poker is a good metaphor."

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Here it is:

The Winners and Losers of the Zero Sum Game: The Origins of Trading Profits, Price Efficiency and Market Liquidity (http://www.turtletrader.com/zerosum.pdf)

David Sklansky
01-19-2005, 04:03 AM
I think this paper makes it pretty clear that successful poker players who got that way through thought, rather than instinct, would in fact do way better than average at this game.