This chapter explores the cultural and psychological dynamics surrounding the act of quitting, distinguishing between 'good quitting' and 'bad quitting.' It examines biases like the sunk cost fallacy that impact decision-making, using relatable examples from personal experiences and financial choices. The discussion emphasizes the importance of recognizing when to step away from unproductive commitments, while challenging societal perceptions and biases about quitting.
Annie Duke is an author, speaker, and consultant in the decision-making space, as well as Special Partner focused on Decision Science at First Round Capital Partners. Annie’s is the bestselling author of multiple books, most notably Thinking In Bets and Quit. Annie was previously a championship winning poker player, having amassed over $4 million in tournament winnings, won a World Series of Poker Bracelet, and having won the World Series of Poker Tournament of Champions. As if that wasn’t enough, Annie also completed her PhD in Cognitive Psychology at UPenn in 2023.
Annie joined host Robert Glazer on the Elevate Podcast to discuss learnings from her poker career, how to think in bets, and the importance of knowing when to quit.
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