The Curious Investor cover image

The Curious Investor

Who Is On the Other Side?

Oct 2, 2019
22:33

Podcast summary created with Snipd AI

Quick takeaways

  • Success in investing and gambling involves distinguishing between luck and skill. 'Resulting' biases decision evaluations based on outcomes rather than decision-making processes.

Deep dives

Understanding the Impact of Skill, Luck, and Decision Quality on Outcomes

In various competitive spheres like investing and gambling, outcomes are influenced by factors beyond skill, such as luck and uncertainty. The difficulty lies in distinguishing between luck and skill in determining success. A comparison between a car accident and a poker game illustrates how clarity into decision quality varies based on the level of information available, leading to misjudgments.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode