It sounds strange but what could a hand of poker and risk management have in common?
True, poker could learn personal finance and risk managers how to make the best of their tight chip stack and if you lose, how to loose well.
Harvard Law School has recently developed a strategy to find solutions to many of our problems through playing poker, whether it is a typical deliquent teenage issue or a triggering diplomatic crisis between two countries.
Surprisingly, poker could learn how to pursue respect, business strategy, research course or even war strategy. Nevertheless, poker is a great tool to learn how to think strategically by forecasting and betting-on-the-card. Thus, according to Harvard Law School, poker teaches people how to think for themselves. It is also a key aspect of individuality and a guiding aspect of managing and allocating resources.
What could business dealers learn from poker? Probably how to avoid making the first offer. What about children? How to have patience, composure and understanding diversity and someone else's views on various issues.
Source: Financial Times