#136
Mentioned in 186 episodes

Thinking in bets

Making Smarter Decisions When You Don't Have All the Facts
Book • 2018
In this book, Annie Duke teaches readers how to make better decisions by treating them as 'bets' on uncertain outcomes.

She emphasizes the importance of distinguishing between the quality of a decision and its outcome, acknowledging the role of luck, and avoiding biases such as 'resulting' and hindsight bias.

Duke draws on her experiences as a professional poker player and combines these with insights from cognitive psychology and other fields to provide tools for making more objective and thoughtful decisions.

The book encourages readers to get comfortable with uncertainty, seek truth through diverse opinions, and learn from outcomes to improve future decision-making.

Mentioned by

Mentioned in 186 episodes

Mentioned by
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Seth Godin
in the context of decision-making and outcomes.
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Stewart Butterfield
in the context of making rational decisions about pivoting, drawing a parallel to Annie Duke's concept of expected value.
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Amol Avasare
as a tactically useful product book for thinking probabilistically and putting numbers on uncertain outcomes.
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Shane Parrish
when testing an AI avatar that recited a book idea he uses frequently.
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Mark Manson
when introducing
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Annie Duke
as one of her authored books and later referenced by Annie describing its role in her career.
1,044 snips
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Recommended by
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Tom Gayner
as a great book that casts things in probabilistic terms and is relevant to both poker and insurance.
881 snips
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Mentioned by
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Shane Parrish
as one of her books focused on cognitive behavioral decision science and decision education.
811 snips
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Peter Attia
after reading it and finding it insightful for decision-making in medicine.
688 snips
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Patrick Campbell
for its insights on first principles thinking.
677 snips
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