Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts
by
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Annie Duke, a former World Series of Poker champion turned business consultant, draws on examples from business, sports, politics, and (of course) poker to share tools anyone can use to embrace uncertainty and make better decisions. For most people, it's difficult to say "I'm not sure" in a world that values and, even, rewards the appearance of certainty. But professional poker players are comfortable with the fact that great decisions don't always lead to great outcomes and bad decisions don't always lead to bad outcomes. By shifting your thinking from a need for certainty to a goal of accurately assessing what you know and what you don't, you'll be less vulnerable to reactive emotions, knee-jerk biases, and destructive habits in your decision making. You'll become more confident, calm, compassionate and successful in the long run. |
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On Aug 11
Tom Copeland (USCG)
read this book
and commented:
This book makes a nice point about evaluating decisions separately from results. She gives an example of stopping at a red light, and then getting hit by a drunk driver. So the decision to stop was still a good decision even the result was bad. Lots of good stuff in there, definitely worth a read.