164 - Thinking in Bets

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By Erick Cloward. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

How often do we approach decisions in a black and white manner? We wonder if we are making the "right" choice, which often leads us to think there is only one choice. What if instead of there being a "right" choice or a "wrong" choice, we looked at choices based on their likelihood to achieve the outcome that we want? In today's episode we'll discuss the book Thinking in Bets by Annie Duke. In this book, she teaches us how to approach decisions like a poker player by understanding probability, dealing with less than full information, and how sometimes we just get lucky.

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