Thinking in Bets: Embracing Uncertainty

Thinking in bets means embracing uncertainty and acknowledging that decisions are like bets based on our beliefs about possible futures. The outcomes of these bets are not guaranteed, and we must invest our limited resources wisely with the hope of positive returns. Many people resist the idea of thinking in bets, associating it with gambling or financial risks. However, Annie Duke argues that it is a vital skill that can be applied to decision-making in various areas of life. By incorporating uncertainty into our decisions and focusing on thoughtful analysis rather than the outcomes, we can make better choices and become more resilient in the face of uncertainty.