Understanding the Net Present Value in Poker
It may come as a surprise but many poker concepts can actually be learned by studying other disciplines. For example, there are so many parallelisms between poker concepts and business. Various companies must make crucial decisions based on the net present value of money. In the simplest terms, this means that you would assign a discount rate that is based on a particular market factor in order to arrive at the net present value of money that you are going to spend or receive in the future. For example, if there is a choice between spending $10,000 three years from...

