Capital Allocators – Inside the Institutional Investment Industry cover image

Annie Duke – Decision Making in a Crisis (Capital Allocators, EP.132)

Capital Allocators – Inside the Institutional Investment Industry

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Navigating Uncertainty in Decision-Making

This chapter examines the complexities of decision-making in uncertain situations, highlighting the differences between complicated and complex choices using chess and poker. It emphasizes the trade-off between seeking certainty through information and the necessity of timely action, particularly in light of the COVID-19 pandemic. By advocating for experimentation and proactive measures, the chapter illustrates how timely decisions can mitigate risks and lead to better outcomes.

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