5min chapter

WorkLife with Adam Grant cover image

Knowing when to quit with world poker champion Annie Duke

WorkLife with Adam Grant

CHAPTER

Is There a Difference Between Advice and Decision-Making?

We make a mistake when we work backwards from the quality of an outcome to get to the quality of the decision. We are very intolerant of the anticipation of something bad that might come about, which creates a huge bias against quitting. The problem of quitting interacts really badly with something called omission-commission bias and status quo bias.

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