When prospect theory and poker bubbles collide

What would Danny Kahneman think of my recent tournament play?

Late last Tuesday, as the clock was nearing midnight, I found myself facing a decision that would determine the course of a poker tournament. It was the €2700 Second Chance event, for players (like me) who had busted out of the EPT Barcelona Main and wanted to keep playing. And we were three players away from the stone bubble—that crucial inflection poi…