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
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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
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