Masters in Business Annie Duke Discusses Decision-Making in Poker and Life
16 snips
Apr 12, 2018 
Annie Duke, a former world champion poker player and author of "Thinking in Bets," dives into the art of decision-making in both poker and life. She emphasizes the significance of focusing on processes rather than outcomes, exposing how cognitive biases can distort judgment. Duke shares her transformative journey from pursuing a PhD to conquering the poker world, highlighting the balance between skill and luck. The conversation also explores emotional dynamics in investing and the value of collaboration, providing insights on improving decision accuracy.
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Process Over Outcome
- Focus on the decision-making process, not just the outcome.
- A bad result doesn't automatically mean a bad process, or vice versa.
Pete Carroll's Super Bowl Call
- Pete Carroll's pass call in Super Bowl XLIX is often cited as one of the worst calls in history.
- Annie Duke argues it was statistically sound given the low interception rate and the potential for a quick touchdown.
Single Decisions and Uncertainty
- The outcome of one decision doesn't define the process.
- View decisions probabilistically, acknowledging the role of luck.
