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Knowing when to quit with world poker champion Annie Duke
ReThinking
The Consequence of Quitting Decisions
Morgan Stanley Smith Barnay: Don't judge decisions by the outcomes they get. He says quitting is a problem because it interacts with something called omission-commission bias. When we're talking about small-end situations with luck and hidden information, whenever there's uncertainty that can exert itself on the outcome, it's a simplifier,. It's kind of what we do," he says.
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