What can you learn from playing poker? Lots, according to Kevin Desmond, a 2015 master of finance graduate. Poker models larger games of risk like investment management and stock trading. If you boost your day-to-day poker skills, you can take that knowledge into professional fields, he says.
“A lot of very successful people in finance have a background in poker,” said Desmond in a recent Sloan News interview.
Desmond taught Poker Theory and Analytics to 150 students this winter during MIT’s Independent Activities Period.
“Coming into a career in finance already understanding risk management on a personal level is critical.”
Now you can take the same course, Poker Theory and Analytics, through MIT’s OpenCourseWare online for free. What do you get?
- Videos starting with Introduction to Poker Theory
- Lecture notes on topics such as Poker Economics, plus assignments
- Links to free online poker games, equity calculators, and animators
- Information on how and why it was taught at MIT.
On the OCW site, Desmond describes why he taught the IAP class. “For students entering the business world, I believe the key concepts of poker that transfer well to management positions are decision making with incomplete information, reading the actions of others, and being comfortable with self-assessment. I believe these skills can benefit students in many aspects of life, not just their careers.”
So visit Poker Theory and Analytics and get started.