Bookworm

114: Thinking in Bets by Annie Duke

22 snips
Mar 5, 2021
Delve into the intriguing world of decision-making with insights from poker champion Annie Duke. The discussion reveals how embracing luck can lead to better choices. Discover strategies for navigating uncertainty and personal biases to break free from echo chambers. Mental time travel is explored as a tool for evaluating decisions and their long-term impact. The importance of accountability and seeking truth in relationships adds depth to the conversation, while the art of intentional note-making and organization enhances overall understanding.
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INSIGHT

Life is Poker, Not Chess

  • Life is more like poker than chess because it involves hidden information and luck.
  • Unlike chess, poker decisions have no single right answer, only probabilities of success.
ADVICE

Separate Decisions from Outcomes

  • Decouple outcomes from decisions; bad outcomes can result from good decisions.
  • Don't judge decision quality solely on results; luck plays a role.
INSIGHT

Believe First, Think Later

  • We often form beliefs before evaluating evidence, believing first and thinking later.
  • Challenge this by intentionally assessing information sources and considering alternatives.
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