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21min chapter
Two things shape the course of your life: luck and your decisions (with Annie Duke)
Clearer Thinking with Spencer Greenberg
Exploring Decision-making Beyond Pros and Cons Lists
The chapter delves into the limitations of traditional pros and cons lists in decision-making, highlighting how they can be influenced by bias and fail to consider the magnitude and probability of outcomes. It emphasizes the importance of understanding expected value, risk, and uncertainty in decision-making processes, using examples like bet sizing, climbing Mount Everest, and choosing between different options to illustrate these concepts.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode