26min chapter

The Jim Rutt Show cover image

EP112 Annie Duke on Bets & Better Decisions

The Jim Rutt Show

CHAPTER

Navigating Decision-Making Biases and Strategies

The chapter explores the concept of 'resulting' in decision-making, comparing it to outcome bias and discussing its impact in poker and other real-life scenarios. It delves into the complexities of decision-making, emphasizing the importance of understanding the quality of decisions beyond their outcomes and the influence of System One and System Two thinking. The conversation includes strategies like the 10-10 methodology, exploring optionality, the 'right to abandon', and making asymmetric bets in decision-making to improve overall judgment and avoid cognitive traps.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode