Clearer Thinking with Spencer Greenberg cover image

Two things shape the course of your life: luck and your decisions (with Annie Duke)

Clearer Thinking with Spencer Greenberg

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Understanding Decision-Making in High-Stakes Scenarios

This chapter explores the intricacies of decision-making in poker and sports, focusing on the importance of basing evaluations on available information rather than outcomes. It highlights biases like loss aversion and the sunk cost fallacy, which can distort perceptions of decision quality. By using real-world examples, such as the controversial Super Bowl decision, the chapter illustrates how understanding these biases can lead to more effective strategic choices.

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