Stoic Coffee Break 164 - Thinking in Bets
Mar 12, 2019
In this podcast, the speaker discusses the book 'Thinking in Bets' by Annie Duke, emphasizing the importance of viewing decisions in terms of likelihood rather than right or wrong. They explore the concept of evaluating choices based on probability, detaching from emotions, and making informed decisions by considering the facts.
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Annie Duke's Journey
- Annie Duke, author of "Thinking in Bets," transitioned from psychology to professional poker.
- Her brother's suggestion led her to this career change.
Thinking in Bets
- Think of decisions as bets, considering the likelihood of outcomes rather than right or wrong.
- Evaluate choices by asking how much you'd wager on their success.
Bets and Confidence
- Willingness to bet on a decision reflects confidence in the approach.
- This process helps detach from emotions and analyze objectively.