Thinking in Bets - Making Smarter Decisions When You Don't Have All the Facts

by Annie Duke

Cover for Thinking in Bets - Making Smarter Decisions When You Don't Have All the Facts

Book Summary

In a world filled with uncertainty and incomplete information, decision-making becomes a complex art rather than a straightforward science. The book explores how embracing uncertainty and probabilistic thinking can lead to smarter decisions, especially in high-stakes environments. Drawing from the author's experiences as a professional poker player, it provides a fresh perspective on evaluating outcomes, managing biases, and developing a mindset that values process over results.

  • Decisions are bets: Every choice is essentially a wager on an uncertain future, and understanding this framing improves judgment.
  • Outcome bias distorts learning: Judging decisions solely...

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