Today, Annie Duke, Author and former professional poker player, joins us for a conversation on learning under certainty and making better decisions in an uncertain world, based on her book, “Quit: The Power of Knowing When To Walk Away”. We discuss when is the right time to quit and what an expedition at Mount Everest can teach us about quitting, why there are no benefits of “learning the lesson the hard way” and why we tend to quit when it is too late, the importance of having kill criteria and splitting the decision. We also discuss why Duke recommends to keep your approach systematic and why setting goals is not always beneficial, the importance of finding a quitting coach and much more.
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Episode TimeStamps:
00:00 - Intro
02:24 - Introduction to Annie Duke and her book
07:14 - Key takeaways from her book
10:03 - Quitting at the right time
18:08 - Work smarter, not harder
23:04 - Are we overestimating ourselves?
29:57 - Setting rules and making decisions
35:27 - The benefits of splitting the decision
42:04 - Keep it systematic
49:10 - Pros and cons of setting goals
54:32 - What role does age play?
01:03:38 - Key takeaways from Niels
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