Capital Allocators – Inside the Institutional Investment Industry cover image

[REPLAY] Annie Duke - Improving Decision Making [Capital Allocators, EP.39]

Capital Allocators – Inside the Institutional Investment Industry

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The Psychology of Decision-Making

This chapter examines how human beliefs are formed and the cognitive biases that influence decision-making processes, highlighting issues like motivated reasoning and confirmation bias. It advocates for a probabilistic approach to decisions, encouraging listeners to view choices as bets that require careful assessment of information. The discussion emphasizes the role of accountability and effective communication in improving decision-making within groups, promoting skepticism and transparency to mitigate biases.

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