ReThinking Knowing when to quit with world poker champion Annie Duke
25 snips
Jan 3, 2023 
Annie Duke, a world poker champion and decision-making expert, shares her journey from a PhD dropout to a poker legend. She discusses the strategic nature of quitting, emphasizing that it can be a key to success rather than a failure. Listeners learn about the psychological barriers that keep people stuck and the importance of external perspectives. Duke also dives into cognitive biases that influence decisions, offering practical advice on knowing when to let go and the value of continuous self-reflection.
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Quitting PhD for Poker
- Annie Duke quit a PhD program at Penn after 5 years, right before defending her dissertation.
- She started playing poker due to a health issue and financial needs, finding it mirrored her cognitive science studies.
Folding Frequency in Poker
- The key difference between professional and amateur poker players is how often they fold.
- Professionals fold more often, recognizing when to cut their losses, even early in the hand.
Setting Loss Limits
- Set loss limits or "kill criteria" to avoid irrational decisions when losing.
- Share these limits with others for accountability and outside perspective.
