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Conversations: Special Episode with Annie Duke and Howard Marks

The Insight by Oaktree Capital

NOTE

Improving Decision Making in Group Discussions

To improve decision-making, individuals should form nominal groups, where opinions are given independently and then discussed collectively. It's also important to consider potential future outcomes and write down actions to take in response. Intellectual humility is crucial, as it involves acknowledging the possibility of being wrong and exploring alternative scenarios. Calculating expected value is helpful but may not account for survivability in adverse cases. It's better to prioritize survivability over high expected value.

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