Annie Duke, former poker pro, discusses decision-making in her book. Topics include 'resulting', biases, and practical tools for better choices. She talks about chunking, mental models, and the impact of information warfare. The conversation also touches on reflecting biases, real-life examples, and beautiful plays in sports history.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Embrace uncertainty in decision-making for improved outcomes.
Incorporate practical tools to enhance decision-making processes.
Consider context and biases to shape decision outcomes.
Deep dives
The Importance of Understanding Uncertainty in Decision Making
Recognizing the need to consider uncertainty and hidden information in decision making is crucial for improving decision quality. The podcast delves into how uncertainty impacts decision-making processes and why understanding luck and hidden information is essential. By acknowledging the influence of cognitive biases and imperfect information, individuals can enhance their decision-making skills by focusing on improving decision processes.
Transition from Why to How in Decision Making
Initially conceived as a book exploring the why behind decision-making processes, the author's conversation with readers led to a realization of the need to address the how aspect. The podcast highlights the shift towards incorporating practical decision-making tools and processes into the book, empowering individuals to make better decisions considering uncertainty. The transition emphasized the importance of providing tools and a structured process for improving decision-making abilities.
The Challenge of Writing 'How to Decide'
The author acknowledges the challenging process of writing 'How to Decide,' characterized by the struggle to navigate complex decision-making concepts. By delving into topics like resulting and probabilistic thinking, the book required meticulous breakdown into multiple chapters for clarity. The podcast discussion reflects on the author's journey to transform intricate decision-making theories into accessible tools and thought experiments for readers.
Impact of Context on Decision-Making Processes
Context plays a significant role in decision-making, influencing how individuals perceive information and make choices. The podcast stresses the importance of mental models and processing fluency in shaping decision outcomes. By exploring the impact of biases like availability bias and illusion of control, listeners are encouraged to consider the context and diverse perspectives that inform decision-making processes.
Embracing Long-term Perspectives in Decision Making
Encouraging individuals to adopt a long-term view in decision-making, the podcast emphasizes the value of challenging beliefs and embracing personal growth. By recognizing the necessity of evolving perspectives and decision processes over time, individuals can proactively engage in self-reflection and learn from diverse viewpoints. The discussion underscores the significance of enduring short-term discomfort for long-term personal development and improved decision outcomes.
I’m joined by decision-making expert Annie Duke to unpack what you can do to achieve your long-term goals.
Annie Duke is an American former professional poker player and author in behavioral decision science and decision education. She holds a World Series of Poker gold bracelet from 2004 and used to be the leading money winner among women in WSOP history. Annie is also the co-founder of The Alliance for Decision Education, a non-profit whose mission is to improve lives by empowering students through decision skills education.
Join the conversation as dive into her latest book How to Decide: Simple Tools for Making Better Choices. We also discuss ‘resulting’, reflecting on your own biases, information warfare– and the most beautiful play in super bowl history.
Talking Points
Her experience of writing a How-To book
The fundamentals of ‘resulting’
Learning from real-life examples, chunking and mental models
Availability bias and process influencing
What happens when you hear things for third time
Quote
“Get on the right time horizon.”
Helpful Links
How to Decide: Simple Tools for Making Better Choices | Amazon
Being Tony Robbins
Lynn Hasher
Daniel Dale
AnnieDuke.com
Annie’s Twitter
Want to discover some of the books mentioned on the podcast? Check out Scribd, my reading app of choice.
If you enjoyed the episode, please leave a rating and/or review wherever you listened to the episode. Also don't forget to check out all of our podcast sponsors found on our podcast sponsors page.
If you enjoyed the episode, please leave a rating and/or review wherever you listened to the episode. And if you want to have easy access to the archives of the show and ensure you don't miss the new episodes to come then subscribe to the podcast in the app you're using – or you can do so on a variety of podcast platforms by clicking here.