![]() She teaches how to apply poker thinking to make decisions in financial markets, strategic planning, human resources, law, entrepreneurship…Ĭhapter 3 covers how to overcome our biases and learn better. This book is written by a multi-million dollar poker tournaments winner (and her brother is also a multi-million dollar poker tournaments winner - so it’s a family business )) Below are the most interesting takeaways and quotes from Thinking In Bets. Quotes from Annie Duke’s Thinking In Bets. But professional poker players are comfortable with the fact that great decisions dont always lead to great outcomes and bad decisions dont always lead to bad outcomes. Some parts are repetitive and unnecessary. Just like most books the book could easily have been cut down 30 without missing anything important. ![]() Our Rational Answer books club has selected a book for February. The negatives of Annie Duke’s Thinking In Bets. Although it also does a good job of teaching the what and how of the language, Thinking in Java. How to overcome our biases and learn better? is the only book I know that explains the WHY of Java why it was designed the way it was, why it works the way it does, why it sometimes doesn’t work, why it’s better than C++, why it’s not. Luck also plays a big part here, so we don’t know if it’s luck or skill. Ignoring risk and uncertainty in our decisions. There are many unknown circumstances - so we do not know the real cause of the outcome. A bet is defined as 1) a choice made by thinking about what will probably happen, 2) to risk losing something when you try to achieve something, and 3) decisions that are based on the belief that something will happen or is true (p. Thinking in bets starts with recognizing that there are exactly two things that determine how our lives turn out: the quality of our decisions and luck. Annie Duke has written an important, and often hilarious. How people should learn by watching outcomes and why they do not learn? Thinking in Bets offers a compelling, and eminently useful, new way to think about lifes decisions.
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