297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke

Sep 20, 2018

Ask episode

Chapters

Transcript

Episode notes

In today’s epic show, we interview World Series of Poker bracelet champion Annie Duke. Annie is a nationally sought-after speaker who combines her mastery of poker with a study of the cognitive sciences in a truly unique and brilliant way.

In this show, you’ll have your mind blown by Annie’s insights regarding following conventional wisdom (even if it doesn’t make sense), focusing too much on the results (and not enough on the right choice), and accepting a level of uncertainty to gain a HUGE advantage over your competition. Annie’s theories on “thinking in bets” are designed to help others navigate a world where we can’t be certain of an outcome, but still come out on top over time.

This is an absolute can’t-miss episode for those looking for strategies to overcome apprehension, fear, or uncertainty. Be sure to listen to this incredibly brilliant and powerful interview—and get the tools to take your next steps today!

In This Episode We Cover:

Annie’s backstory and how she got into professional poker
Her concept of risk management
Thoughts on luck and circumstances we have no control over
Elements of luck versus elements of skill
Pete Carroll’s endgame decision
The concept of “resulting”
What constitutes a consensus choice
Winning and losing—and caring about your decision-making process
The difference between real estate investing and poker
The importance of confidence and certainty
Why one shouldn’t be afraid of losing and being blamed
A champion versus a victim
And SO much more!

Links from the Show

Books Mentioned in this Show

Thinking in Bets by Annie Duke
The Miracle Morning by Hal Elrod
The Geometry of Wealth by Brian Portnoy
Decide to Play Great Poker by Annie Duke
Superforecasting by Dan Gardner and Philip E. Tetlock
Extreme Ownership by Jocko Willink
Radical Candor by Kim Scott
Thinking, Fast and Slow by Daniel Kahneman
The Signal and the Noise by Nate Silver
Set for Life by Scott Trench

Tweetable Topics:

“Every decision, even small executional decisions all the way to the larger goals, carries risks.” (Tweet This!)
“There are no small decisions.” (Tweet This!)
“The most important person we need to worry about pointing fingers at is ourselves.” (Tweet This!)

Connect with Annie

Learn more about your ad choices. Visit megaphone.fm/adchoices