5min chapter

The One Percent Show with Vishal Khandelwal cover image

Ep. 26 – Annie Duke on Why Life is Like Poker, Anatomy of Decision Making, and the Power of Quitting

The One Percent Show with Vishal Khandelwal

CHAPTER

How to Make a Great Decision, Right?

The first piece of making a great decision is trying to make that forecast. In the simplest sense, if I have two routes that I could choose to take to work and I choose route A over route B, whatever my values are, let's say in this case it's time,. I'm making a forecast that route A is going to get me there faster than route B. And so far, okay. Now let's think about the hidden information piece. Well, that's intervening at the belief part. So we can think about like this is a place where as an example, like bias is going to have its effect; our beliefs are biased in many different ways. They're also noisy

00:00
Speaker 2
Lauren, thank you so much for walking us through this. Sounds like interesting times out there for people who need care. Yes,
Speaker 1
it's quite something, Jordan, and we hope to get more answers as the days come. But it's an ever-evolving story that affects many people.
Speaker 2
Thank you so much for joining us.
Speaker 1
Thank you for having me.
Speaker 2
Lauren Hines is a reporter with City News in Calgary. That was The Big Story. You can find more big stories at thebigstorypodcast.ca. You can always send us feedback on this story or any other episode you hear by writing to us at hello at the big story podcast.ca or by calling us and leaving a message 416-935 We're in all your favorite podcast players and of course we're on your smart speaker when you ask it to play the Big Story podcast. Thanks for listening. I'm Jordan Heath Rawlings. We'll talk tomorrow. I've been spending more time in California lately and I just love it there. Literally every time I'm there, it just feels like that song. I think I like this little life and I can't wait to get back there to my friends and the community that I've built. I'm hoping to get back in the fall, but every time I visit LA, I've realized I could easily be making some extra money if I just Airbnb my home while I'm away. I always love staying in Airbnb's when I'm away. So I can just settle into a good routine and I'm excited to host in my home too. Whether you have extra space in your home or you're looking to make some extra money while you travel somewhere fun, your home might be worth more than you think. Find out how much at airbnb.ca/host.

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