ARTICLE: Why living experimentally beats taking big bets

Excerpt:

Annie Duke, author of Thinking In Bets, says that “wrapping our arms around uncertainty and giving it a big hug will help us become better decision makers”. Fair enough. If we’re going to have to eat our uncertainty broccoli anyway, it may be best to swallow it down before it goes cold and limp.

As the winner of several million dollars as a professional poker player, Ms Duke has some credibility on this point. But is she right?