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EPISODE # 121

Maria Konnikova — The Biggest Bluff: How I Learned to Pay Attention, Master Myself, and Win

It’s true that Maria Konnikova had never actually played poker before and didn’t even know the rules when she approached Erik Seidel, Poker Hall of Fame inductee and winner of tens of millions of dollars in earnings, and convinced him to be her mentor. But she knew her man: a famously thoughtful and broad-minded player, he was intrigued by her pitch that she wasn’t interested in making money so much as learning about life. She had faced a stretch of personal bad luck, and her reflections on the role of chance had led her to a giant of game theory, who pointed her to poker as the ultimate master class in learning to distinguish between what can be controlled and what can’t. And she certainly brought something to the table, including a PhD in psychology and an acclaimed and growing body of work on human behavior and how to hack it. So Seidel was in, and soon she was down the rabbit hole with him, into the wild, fiercely competitive, overwhelmingly masculine world of high-stakes Texas Hold’em, their initial end point the following year’s World Series of Poker.

But then something extraordinary happened. Under Seidel’s guidance, Konnikova did have many epiphanies about life that derived from her new pursuit, including how to better read, not just her opponents but far more importantly herself; how to identify what tilted her into an emotional state that got in the way of good decisions; and how to get to a place where she could accept luck for what it was, and what it wasn’t. But she also began to win. And win. In a little over a year, she began making earnest money from tournaments, ultimately totaling hundreds of thousands of dollars. She won a major title, got a sponsor, and got used to being on television, and to headlines like “How one writer’s book deal turned her into a professional poker player.” In this wide-ranging conversation Konnikova and Shermer discuss:

  • the balance of luck, skill, intelligence and emotions in how lives turn out
  • the real meaning of the marshmallow test
  • time discounting and how to improve yours
  • rapid cognition and intuition
  • how to improve your use of emotions in gambling and in life
  • what it was like being a woman in an almost exclusively male game, and
  • the nature of human nature in the context of the BLM movement and protests.

Maria Konnikova is the author of Mastermind and The Confidence Game. She is a regular contributing writer for The New Yorker, and has written for The Atlantic, The New York Times, Slate, The New Republic, The Paris Review, The Wall Street Journal, Salon, The Boston Globe, Scientific American, Wired, and Smithsonian, among many other publications. Her writing has won numerous awards, including the 2019 Excellence in Science Journalism Award from the Society of Personality and Social Psychology. While researching The Biggest Bluff, Maria became an international poker champion and the winner of over $300,000 in tournament earnings. Maria also hosts the podcast The Grift from Panoply Media and is currently a visiting fellow at NYU’s School of Journalism. Her podcasting work earned her a National Magazine Award nomination in 2019. Maria graduated from Harvard University and received her PhD in Psychology from Columbia University.

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This episode was released on June 23, 2020.

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