Beyond the To-Do List - Productivity for Work and Life

Annie Duke on Making Better Decisions by Identifying and Dismantling Hidden Biases

12 snips
Feb 2, 2021
Annie Duke, decision strategist and poker champion, discusses overcoming biases, hidden biases, and making better choices. She explores tools for improving decision-making, understanding biases, and separating outcomes from decision quality. Annie emphasizes the significance of developing mental muscle memory, optimizing decision-making processes, and utilizing decision-making tools for better outcomes.
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ANECDOTE

Pete Carroll's Pass Play

  • In 2015, Pete Carroll called a pass play that was intercepted, costing the Seahawks the Super Bowl.
  • Despite the bad outcome, analysis suggests the play call was statistically sound, highlighting the role of luck.
INSIGHT

Resulting vs. Self-Serving Bias

  • People judge others' decisions based on outcomes (resulting), neglecting luck.
  • Conversely, they judge their own decisions based on self-serving bias, claiming credit for good outcomes and blaming bad ones on luck.
INSIGHT

Uncertainty and Bias

  • Uncertainty fuels cognitive biases like confirmation bias and overconfidence.
  • Chess, with less uncertainty, offers fewer opportunities for biased explanations compared to poker or car accidents.
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