On today’s episode of So to Speak: The Free Speech Podcast, we discuss how decision-making, “information liquidity,” and luck fit into our daily lives — and how a solid understanding of these concepts can point to an underappreciated benefit of free expression.
Annie Duke talks about decision making, how poker is similar to the decision-making process in business, and some of the decision-making traps we fall into.
As a podcast host, you are not supposed to have favorite episodes – but you still do. This is one of those. I have the pleasure today of bringing you my conversation with Annie Duke. Annie is a decision scientist and former professional poker player. In fact, for two decades, she was one of the best in the world. In 2004, she beat a field of 234 players to win her first World Series of Poker (WSOP) gold bracelet. In 2010, she won the prestigious NBC National Heads-Up Poker Championship.
Slate Money on Thinking in Bets with former professional poker player Annie Duke, why Elon Musk should get some sleep, and the thinking behind billionaire disaster planners.
In this show, you’ll have your mind blown by Annie’s insights regarding following conventional wisdom (even if it doesn’t make sense), focusing too much on the results (and not enough on the right choice), and accepting a level of uncertainty to gain a HUGE advantage over your competition. Annie’s theories on “thinking in bets” are designed to help others navigate a world where we can’t be certain of an outcome, but still, come out on top over time.
Annie sits down with Michael McCarthy from The Artful Trader podcast.
Do you and your team want to get better at making decisions that are not the status quo? Would you like your team to take the right risks and encourage a culture that learns from success and failure? Did you know that being too results-oriented can get in the way of making the highest equity decisions? If so, this is the podcast for you. Annie Duke, professional speaker, and Decision Strategist will share her research and help you learn how to create a process that helps you make better decisions while encouraging learning and risk-taking. She helps people have uncertainty with confidence.
Annie has mixed her poker insights with cognitive psychology in her new book, Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts. The book is an amazing guide to making better decisions. It’s filled with stories from Annie’s life and offers new ways to change our thinking to get better outcomes in business and in life.
I have wanted to do this interview for a long time. On this episode, I am thrilled to have Annie Duke, former professional poker player and author of the new book, Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts.
In this episode, we discuss how to make better decisions under conditions of uncertainty. We look at “the worst call in the history of football,” discuss examples from life, business and even high stakes poker to understand how to make the best possible decisions in a world filled with unknowns. What exactly is a good decision? Is that different than a good outcome? We look at this key question – and uncover the wisdom hidden in the reality that these two things might be completely different. All this and more with our guest Annie Duke.