Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts Audiobook (Free)

Poker champion turned business advisor Annie Duke teaches you how to get comfortable with uncertainty and make better decisions because of this.

In Super Dish XLIX, Seahawks coach Pete Carroll produced perhaps one of the most controversial calls in football history: With 26 secs remaining, and trailing by four on the Patriots’ one-yard line, he called for a pass rather than a hand off to his star running back. The move was intercepted as well as the Seahawks dropped. Critics known as it the dumbest play ever sold..Read More approximately Thinking in Wagers: Making Smarter Decisions When YOU DO NOT HAVE All the Specifics But was the call really that bad? Or do Carroll actually make a great move that was ruined by misfortune?

Even the very best decision doesn’t yield the best outcome every time. There’s usually some good luck that you can’t control, and there is always information that’s hidden from watch. So the essential to long-term success (and avoiding worrying yourself to death) is to believe in wagers: How sure am I? What exactly are the possible methods things could come out? What decision has the highest odds of success? Did I land in the unlucky 10% on the technique that functions 90% of that time period? Or is normally my achievement due to dumb good fortune rather than good decision making?

Annie Duke, a previous World Series of Texas holdem champ turned business consultant, draws on examples from business, sports, politics, and (obviously) poker to talk about tools anyone may use to embrace uncertainty and make smarter decisions. For many people, it’s challenging to state ‘I’m not really sure’ in a global that values and, even, benefits the looks of certainty. But professional poker players are comfortable with the actual fact that great decisions don’t always lead to great final results and bad decisions don’t generally lead to bad outcomes.

By shifting your thinking from a need for certainty to an objective of accurately assessing what you know and what you don’t, you will be less susceptible to reactive emotions, knee-jerk biases, and destructive behaviors in your decision making. You’ll are more confident, relaxed, compassionate and successful over time.