Annie Duke — Why We Make the Wrong Decisions (Ep. 296)

You got two things that determine how your life turns out. One is luck, which sorry, you can say I make my own luck all all day. That literally is not a sentence of English that makes sense. The other thing is decision quality. At the core of every single decision is a forecast.

Everything is a bet. Right. Here's the set of possible outcomes. There's a payoff associated with each of those outcomes. That's how we calculate the expected value toward your goals, but the explanation that we're jumping to is inaccurate.

And it's because we don't know how to interrogate the data. This one is particularly special. I just had an incredible conversation with my friend Annie Duke, the former world-class professional poker player. Most of our conversation was about her new book, but she's written several books on decision making, and I recommend all of them. Please enjoy my incredible conversation with Annie Duke.

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