14min chapter

The Jim Rutt Show cover image

EP112 Annie Duke on Bets & Better Decisions

The Jim Rutt Show

CHAPTER

Raising the Variance: Strategic Decisions in Poker and Life

The chapter delves into the strategy of 'raising the variance' in decision-making, drawing parallels from historical battles and personal experiences in poker and politics. Through examples and anecdotes, the importance of taking high-risk actions when traditional strategies may not suffice is emphasized, along with the significance of seeking diverse perspectives and unbiased feedback for better decision-making. The chapter concludes with a cautionary tale about biases affecting decision-making, illustrated through a memorable encounter with 'Nick the Greek' in a poker game.

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