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Matt I was hoping you would give a nice poker analogy here :) My brother is a pretty good player, but he is quick to 'chop'. In fact I mock him all the time f
by mrtron 19y ago
Matt I was hoping you would give a nice poker analogy here :)
My brother is a pretty good player, but he is quick to 'chop'. In fact I mock him all the time for it, but it really depends on what your comfort level is. At a certain point it is not desirable to take exchange risk for reward. Inevitably whenever you wish to get out of the game, you are going to have to take a discounted rate. In poker, if the final 2 guys chop due to the highly top-heavy prize structure, you are obviously going to take some sort of discount.
- mattmaroon 19y agoChopping does work similarly. I always had a no chopping policy though, because pretty much any tournament with a life-changing prize is televised, and therefore chopping is banned. In fact, poker tournaments in general have the concept of chip devaluation, which is fairly similar to how money works in real life.