EXCERPT: Do a pre-mortem We are subject to a resulting bias, which causes us to rationalise the outcome with our decision. Some of us can fall into the trap of hindsight bias, which states that after an outcome is known, we see the outcome as having been inevitable all along.
After another week of pandemic and economic whiplash — these books can help you get comfortable with unpredictability
Throughout much of the world, politicians have been slow to react to COVID-19, often starting with half measures, and typically getting to the drastic measures we really need too late, after the disease has spread to hundreds or thousands of people. Far too many leaders have taken a gradualist approach,
Excerpt: For that reason, I believe it’s good to do what world poker champion Annie Duke calls a “premortem”: a detailed plan for what a failure would look like. Rather than mapping out a success, premortems map out a failure. Doing this, Duke posits, helps you develop better strategies for
Excerpt: 8. “Thinking in Bets” by Annie Duke, a world champion poker player She explains how to understand and mange risks by providing the example of Super Bowl 49 when Seattle Seahawks coach chose a shuffle pass instead of the running the ball in at the goal line. That play
Who likes to openly admit that they were wrong? Not many people, although Annie Duke, former professional poker player and author of Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts, finds that being wrong offers opportunities to improve her decisions. Duke has said that she learns faster when
Excerpt … 3. Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts by Annie Duke One thing I’ve tried to do at my company is to empower others to make decisions. But I recognize that making decisions can be really hard — and you need to
I like to take notes when I read (see my notes on the pic to the left, excuse my eight-year old handwriting). I believe notes are a wonderful resource to revert to later, an even better is having the quotes easy accessible online for later use. Thinking In Bets by Annie
Gridiron Digest took a field trip to the Wharton Sports Business Summit at the University of Pennsylvania on Friday to learn what insights NFL experts had to offer the next generation of business leaders. One theme kept recurring throughout the day of seminars and panel discussions: NFL coaches make less-than-optimal
In her national best seller “Thinking in Bets,” author and world renowned poker player Annie Duke proclaims every choice is a bet. In her book, she explains it is impossible to know all the information required to make the perfect decision every time we are faced with one. As you