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Fold

From the Merriam-Webster Dictionary:

* Main Entry: fold
* Function: verb
* Etymology: Middle English, from Old English fealdan; akin to Old High German faldan to fold, Greek diplasios twofold
* Date: before 12th century

transitive verb meaning:

7 a: to concede defeat by withdrawing (one’s cards) from play (as in poker) b : to bring to an end

The virtue of playing poker well is that it teaches you to ignore two of the six SWAYs that cause irrational behavior: lost aversion and commitment.

Loss aversion: “our tendency to go to great lengths to avoid a possible loss…For no apparent logical reasons, we overreact to perceived losses.”

Commitment: Loss aversion is linked closely to another sway called commitment, which is being “committed to continuing down the road they had always walked…it was virtually impossible…to take a different path.”

Where are all the Democratic poker players?

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