

[REPLAY] Annie Duke – How to Decide (Capital Allocators, EP.156)
Dec 28, 2020
Annie Duke, a former professional poker player and decision-making expert, discusses the art of making better choices. She introduces her six-step framework for effective decision-making, emphasizing the balance between swift decisions and thorough analysis. Duke explores group dynamics, the impact of conformity, and how the pressure of decision-making manifests in contexts like the NFL. She also reflects on her own career choices, linking insights from poker and tennis, and underscores the value of continuous learning in improving decision-making processes.
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Paradox of Experience
- The paradox of experience: experience is necessary but insufficient for good decisions.
- Individual experiences can hinder learning due to resulting and hindsight bias.
Overcome "I Don't Know"
- Don't accept "I don't know" as an answer; explore what you do know.
- Seek external information to narrow down possibilities and improve decision-making.
Prioritize Decisions
- Evaluate decision impact with the "happiness test": project long-term effects on goals.
- Prioritize high-impact decisions and streamline low-impact, frequent ones.