Annie Duke, a professional poker player and decision-making expert, shares her insights on making better choices. She discusses the dangers of relying solely on gut feelings and emphasizes a structured approach to decision-making. Topics include how to manage uncertainty, the role of luck, and the cognitive biases that can cloud judgment. Duke offers practical frameworks to enhance your decision-making skills and highlights the importance of education in this field, advocating for resources that promote decision-making in schools.
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insights INSIGHT
Defining Decisions
A decision is a choice between different paths, representing potential futures.
Staying on your current path is also a decision, as it involves choosing not to explore other options.
insights INSIGHT
The Cost of Choice
Choosing one option means rejecting others, including their potential future benefits.
Prioritize optionality by favoring easily reversible choices or pursuing multiple options simultaneously.
insights INSIGHT
Optionality and Risk
Preserve optionality to mitigate downside risk in uncertain situations.
Optionality allows adaptation to new information and changing circumstances.
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No detailed information is available for this title. Taylor Pearson is known for his insights into entrepreneurship and lifestyle design, as seen in his book 'The End of Jobs'.
The Psychology of Money
Timeless Lessons on Wealth, Greed, and Happiness
Morgan Housel
In 'The Psychology of Money,' Morgan Housel delves into the psychological and emotional aspects of financial decisions. The book consists of 19 short stories that illustrate how personal history, worldview, emotions, and biases influence financial outcomes. Housel emphasizes the importance of behavior over knowledge in managing money, highlighting the power of compounding, the dangers of greed, and the pursuit of happiness beyond mere wealth accumulation. He advocates for a frugal lifestyle, long-term perspective, and a balanced approach to investing, stressing that financial success is more about mindset and discipline than about technical financial knowledge[2][3][4].
Thinking in bets
Making Smarter Decisions When You Don't Have All the Facts
Annie Duke
In this book, Annie Duke teaches readers how to make better decisions by treating them as 'bets' on uncertain outcomes. She emphasizes the importance of distinguishing between the quality of a decision and its outcome, acknowledging the role of luck, and avoiding biases such as 'resulting' and hindsight bias. Duke draws on her experiences as a professional poker player and combines these with insights from cognitive psychology and other fields to provide tools for making more objective and thoughtful decisions. The book encourages readers to get comfortable with uncertainty, seek truth through diverse opinions, and learn from outcomes to improve future decision-making[1][3][5].
Thinking, Fast and Slow
Daniel Kahneman
In this book, Daniel Kahneman takes readers on a tour of the mind, explaining how the two systems of thought shape our judgments and decisions. System 1 is fast, automatic, and emotional, while System 2 is slower, effortful, and logical. Kahneman discusses the impact of cognitive biases, the difficulties of predicting future happiness, and the effects of overconfidence on corporate strategies. He offers practical insights into how to guard against mental glitches and how to benefit from slow thinking in both personal and business life. The book also explores the distinction between the 'experiencing self' and the 'remembering self' and their roles in our perception of happiness.
Atomic Habits
James Clear
Atomic Habits by James Clear provides a practical and scientifically-backed guide to forming good habits and breaking bad ones. The book introduces the Four Laws of Behavior Change: make it obvious, make it attractive, make it easy, and make it satisfying. It also emphasizes the importance of small, incremental changes (atomic habits) that compound over time to produce significant results. Clear discusses techniques such as habit stacking, optimizing the environment to support desired habits, and focusing on continuous improvement rather than goal fixation. The book is filled with actionable strategies, real-life examples, and stories from various fields, making it a valuable resource for anyone seeking to improve their habits and achieve personal growth[2][4][5].
How to Decide
Annie Duke
Annie Duke is a professional poker player and an author.
The quality of our life depends upon the quality of our decisions. As a poker player who has competed at the biggest tournaments in the world, Annie understands the value of making good decisions under pressure.
Expect to learn how to become a great decision maker, why trusting your gut is dangerous, how to account for luck, Annie's framework for making successful & repeatable decisions and much more...
Modern Wisdom 
