On today's episode, we examine one of the critical skills to achieving the good life: decision making. I’ve invited three experts on decision making, Annie Duke, the author of Thinking in Bets, Jacob Taylor, a value investor and the author of The Rebel Allocator, and Brent Snow, who teaches decision making to executives in corporate America. We have a wide-ranging discussion on decision making, what prevents us from making good decisions, and how we can improve. We cover a topic Annie calls “resulting” and it’s related to the idea that the quality of the outcome doesn’t tell you everything about the quality of the decision. We talk about wicked versus kind feedback environments. We discuss the role that luck and hidden information play in decision making, and why decision pre-work is better than a decision journal, and so many more topics.

IN THIS EPISODE, YOU'LL LEARN:

• What prevents us from making good decisions
• Why the quality of the outcome doesn’t tell you everything about the quality of the decision
• The role that luck and hidden information play in decision making and decision feedback
• The paradox of experience and learning
• How kind and wicked learning environments shape our ability to learn from experience
• Why the “interpreter” part of our brain is important but can lead us astray
• How to avoid consensus overload when making decisions in organizations
• Why decision pre-work is better than a journal

BOOKS AND RESOURCES

• Thinking in Bets by Annie Duke
• The Rebel Allocator by Jacob Taylor
• Capital One. This is Banking Reimagined. What’s in your wallet?
• Browse through all our episodes (complete with transcripts) here.
• Support our free podcast by supporting our sponsors.

CONNECT WITH BRENT SNOW, JACOB TAYLOR, AND ANNIE DUKE

• Twitter for Annie Duke: @AnnieDuke
• Twitter for Jake Taylor: @farnmanjake1
• Annie Duke's Website: annieduke.com
• Jake Taylor's Farnam Street Investments: orphanira.com
• Brent Snow's Ten Thousand Feet: tenthousandfeet.com

GET IN TOUCH WITH SEAN MURRAY

• Sean's Twitter Account
• Sean's LinkedIn Account
• Email: Sean@TheInvestorsPodcast.com
• Website: RealTime Performance, Inc.
• Weekly Newsletter: RealTime Performance Newsletter

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