The Business of Authority

Making Better Decisions with Annie Duke

13 snips
Oct 2, 2023
In this podcast, decision-making expert Annie Duke discusses the importance of quitting in decision-making and navigating uncertainty. They explore enhancing decision-making through truth-seeking groups, mastering biased decision-making, and the effectiveness of 'want to bet' in decisions. The focus is on optimizing outcomes, challenging biases, and embracing uncertainty for better decision-making.
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ADVICE

Embracing Uncertainty

  • Embrace uncertainty in decision-making.
  • Avoid overconfidence and analysis paralysis.
INSIGHT

Decisions vs. Outcomes

  • Good outcomes are desirable results, while good decisions are based on a thoughtful process.
  • Separate decision quality from outcome quality, acknowledging the role of luck and unknown information.
ANECDOTE

Survivorship Bias

  • Survivorship bias leads to focusing on successful unicorn founders.
  • Their decisions may not be objectively reasonable or replicable.
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