What is Lara's poker?

Liar's Poker is a game of strategy and chance that was very popular on Wall Street at the age of 80. Despite the name, the game is not played with cards, but rather by using serial numbers on dollar bills. The game was popularized in Michael Lewis's book on behalf of Lar's Poker , which documented the Wall Street culture in the 80s in a very sincere way. After release, the book was a feeling because it revealed parts of Wall Street, which are usually hidden from members of the general public. The goal is to be the highest precise offer. Lara's poker requires knowledge of statistics, calculate the likelihoods in the game, along with a little luck, as well as boldness. As Lewis documented, the game was very popular among Wall Street merchants at the age of 80.

Liar has shown that traders have gambling almost anything since the collaborators fell asleep after the market movements. Lewis suggested that some traders use gambling games to alleviate stress of high bets, high -pressure world of OsFeasting on Wall Street, but it also contributed to ruthless business decisions because traders began to treat their work as with another game.

This game rewards people who are smart, somewhat tricky and willing to go to the limb when it comes to storing offers. The same applies to trading on Wall Street, where people who do bold movements have the potential to win a large, although they can also fail spectacularly. Lara's poker reflects the properties and attitudes that dominated Wall Street in this era, and some of the traders working in later decades indicate that Wall Street has not changed much about the Wall Street culture, with the merchants' continuity to gambling with their shops and anything else.

Numerous exhibition from books to congress hearing criticized the ruthless culture of high stress on Wall Street, suggesting that the harsh attitudes between traders led to a decision on dangerous businessIt, including a decision with far -reaching impacts on the economy. Traders are still trained to be aggressive and courageous, and their companies are rewarded for taking gambling that showed up well. While spectacular failures are highly promoted and discussed among traders, it is not necessarily considered to be object lessons.