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RWH015: Betting Better in Markets & Life w/ Annie Duke
We Study Billionaires - The Investor’s Podcast Network
Are You Thinking Probabilistically?
Every single decision you make is probabilistic. It's because it's a forecast made under conditions where you don't have all the facts. You generally know very little in comparison to all there is to be known and there's going to be the influence of luck on the outcome. So I think that's number one is that we have to reject the idea that if you're not doing it explicitly, that you aren't thinking probabilistically.
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