Annie Duke Discusses Decision-Making in Poker and Life
Masters in Business
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Decisions Under Uncertainty
This chapter examines the parallels between decision-making in poker and investing, focusing on how both fields thrive on uncertainty and limited information. It critiques the common cognitive bias of conflating poor outcomes with poor decisions, using a notable Super Bowl call as a case study to emphasize that decision quality should not be judged by results alone. Additionally, it explores how psychological factors and biases can impact choices, underlining the importance of recognizing the distinction between skill and luck in decision-making.
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