2min snip

We Study Billionaires - The Investor’s Podcast Network cover image

TIP623: The Art Of Decision Making w/ Annie Duke

We Study Billionaires - The Investor’s Podcast Network

NOTE

Starting with Base Rate in Decision Making

Before making decisions based on personal experiences and beliefs, it is crucial to start by considering the base rate or the general probability derived from similar situations. By understanding the base rate, one can gain a more accurate perspective and make informed decisions, rather than solely relying on subjective experiences and individual performance.

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