Whether you are a lizard or a shareholder, you'll have to make a hell of an effort to ensure that your opponent believes you. This is because in trading and dating, being dishonest is often a successful strategy. Game theorists have found that in many everyday situations people behave like poker players in a gambling hall. A good gambler lets other players at the table believe that his hand is unbeatable. For this strategy to succeed, it is essential to stay cool at all times.
Calmness is the secret of fortunate gigolos and triumphant poker players alike.
One involuntary tick of the eyelid can ruin a gambler's day, because it's a sign of weakness that may cause the others to raise the stakes. If you are a player in poker you know the cards you have. Wilson found that the rules of play in poker are similar to many human situations of conflict. In his work, he aims to describe how unions and companies behave in wage negotiations and labor strikes. Company owners know how wealthy their firm is, but the union doesn't.