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I play a lot of poker, and will risk hundreds of dollars on a single hand. All of my 401k is in money market mutual funds. I'm not sure that a straight up gam
by pfarnsworth 9y ago
I play a lot of poker, and will risk hundreds of dollars on a single hand.
All of my 401k is in money market mutual funds.
I'm not sure that a straight up games-to-financial-decision type study would be useful, there are many different motivations between playing games or even gambling, and financial decisions.
- prdonahue 9y agoI hope by "money market mutual funds" you mean some general sort of passive-markets based investment approach (not actually holding 100% of your 401k in cash-like instruments)?
- pfarnsworth 9y agoMoney market mutual funds is a very well defined term.
- pdpi 9y agoI’d argue that, if you have a healthy relationship with skill-based gambling (i.e. poker, not roulette), you’re likelier to come out the other side with a clearer appreciation for risk and reward. Or, more bluntly: There’s nothing like being acutely aware how easily you can lose your stack on a bad gamble to make you invest your savings wisely. :)