Capital Allocators – Inside the Institutional Investment Industry [REPLAY] Annie Duke – Thinking More in Bets (Capital Allocators, EP.76)
18 snips
Sep 14, 2020 
Annie Duke, a decision-making expert and former world-renowned poker player, dives into effective strategies for making informed choices. She discusses the importance of distinguishing valuable signals from noise, and how cognitive biases can cloud judgment. Annie shares practical insights on collaborative decision-making and Team dynamics, while also reflecting on her experiences as a woman in poker. With engaging anecdotes, she explores the parallels between poker and everyday decisions, offering listeners a fresh perspective on navigating uncertainty.
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Noisy Environments
- Learning in noisy environments, like language acquisition or poker, shares similarities with decision-making.
- The challenge lies in filtering noise from valuable signals to improve learning and decision quality.
Resulting
- Determining decision quality from outcomes is difficult due to the inherent noise in feedback.
- Resulting, where outcomes overshadow true decision quality, hinders accurate evaluation.
Decisions as Bets
- Every decision is a bet based on beliefs, which can be facts or predictions.
- Motivated reasoning hinders accurate future predictions, as beliefs shape information processing.
