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How will I feel about this decision in 10 minutes? 10 months? 10 years? This helps detach your emotions from the immediate outcome. thinking in bets annie duke pdf link
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Every decision you make is a bet on the future. In her bestselling book Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts , former professional poker player Annie Duke argues that life mirrors poker, not chess. While chess involves perfect information and no luck, life is defined by hidden information and random chance. Use apps like Libby or OverDrive to borrow
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If an investor buys a volatile stock and makes a 200% return, we call it a brilliant move. If a manager hires a highly qualified candidate who unexpectedly quits after a month, we call it a terrible hire. 10 months
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. To make better choices, you must stop judging decisions based on their outcomes and start thinking in terms of probabilities. Durmonski.com Core Concepts and Features Avoid "Resulting"
"Thinking in Bets" is a thought-provoking book that challenges readers to rethink their decision-making approach. Duke argues that we often make decisions based on a "result-oriented" mindset, focusing on the outcome rather than the process. This approach can lead to poor decision-making, as we tend to overlook the role of luck and uncertainty in achieving a specific outcome. Instead, Duke advocates for "thinking in bets," a framework that encourages readers to separate their decisions from their outcomes and focus on making informed, probabilistic decisions.