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"Thinking in Bets" Quotes
"Thinking in Bets" by Annie Duke explores decision-making under uncertainty using poker strategies to improve judgment and embrace probabilistic thinking.
decision-making & problem solving | Published in 2019
Quotes
Life is poker, not chess.
Resulting is a decision-making error in which we equate the quality of a decision with the quality of its outcome.
Hindsight bias is the tendency, after an outcome is known, to see it as having been inevitable.
You can’t become a great decision-maker overnight. It’s a lifelong process.
The way to make better decisions starts with recognizing the need for probabilistic thinking.
Embrace uncertainty as a necessary part of decision-making.
Working backward from the result is an exercise in self-deception.
We are quick to judge outcomes and slow to question them.
To improve decision-making, we must separate the process from the outcome.
We need to learn to react to outcomes as signals of whether our bets are good or bad.
