Raising the Stakes: Aaron Brown on Probability in Finance and Poker

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Raising the Stakes: Aaron Brown on Probability in Finance and Poker

Aaron Brown explores finance and poker parallels, focusing on probability and decision-making.

Friday 12 April 2024

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Podcast Description

In this episode of the QuantSpeak podcast, Dan Tudball is joined by Aaron Brown. They discuss the parallels between finance and poker, the decision-making skills shared by high-stakes finance professionals and poker players, and how an understanding of probability and risk is essential in both fields. Brown also shares his career journey, the evolution of both industries, and the significance of community and knowledge-sharing for success.

Topics & Timestamps

[00:00 - 05:10] Intro, Markets as Games, Foundations of Probability, and Early Influences

[05:10 - 13:00] Probability, Randomness, and Poker Theory

[13:00 - 20:08] Poker, Gambling, and Real-World Problem-Solving

[20:08 - 26:07] Abstraction, Numbers, and Poker’s Relationship to Finance

[26:07 - 31:23] Poker Rules, Risk, and Institutional Evolution

[31:23 - 39:51] Codes of Conduct, Digital Communities, and the Growth of Quantitative Finance

[39:51 - 44:50] Advantage Play, Gambling Communities, and Transition to Wall Street

[44:50 - 53:59] Professional Networks, Quantitative Milestones, and Shared Success

[53:59 - 59:30] Crypto, Blockchain, and Modern Financial Communities

[59:30 - 61:06] Games, Markets, Idealism vs. Reality, and Closing Reflections.

Disclaimer

Podcasts are for informational purposes only and provided “as is” without any representation or warranty from Fitch Learning of any kind. Comments or statements expressed by speakers may not be those of the Fitch Learning. Fitch Learning is not providing advice or recommendations. Fitch Learning, its directors, officers, or employees do not accept any liability for any loss arising from the use of information.