
Thinking in Bets
Making Smarter Decisions When You Don't Have All the Facts
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Buy Now for $21.99
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Narrated by:
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Annie Duke
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By:
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Annie Duke
About this listen
Wall Street Journal bestseller!
Poker champion turned business consultant Annie Duke teaches you how to get comfortable with uncertainty and make better decisions as a result.
In Super Bowl XLIX, Seahawks coach Pete Carroll made one of the most controversial calls in football history: With 26 seconds remaining, and trailing by four at the Patriots' one-yard line, he called for a pass instead of a handing off to his star running back. The pass was intercepted, and the Seahawks lost. Critics called it the dumbest play in history. But was the call really that bad? Or did Carroll actually make a great move that was ruined by bad luck?
Even the best decision doesn't yield the best outcome every time. There's always an element of luck that you can't control, and there is always information that is hidden from view. So the key to long-term success (and avoiding worrying yourself to death) is to think in bets: How sure am I? What are the possible ways things could turn out? What decision has the highest odds of success? Did I land in the unlucky 10% on the strategy that works 90% of the time? Or is my success attributable to dumb luck rather than great decision making?
Annie Duke, a former World Series of Poker champion turned business consultant, draws on examples from business, sports, politics, and (of course) poker to share tools anyone can use to embrace uncertainty and make better decisions. For most people, it's difficult to say "I'm not sure" in a world that values, and even rewards, the appearance of certainty. But professional poker players are comfortable with the fact that great decisions don't always lead to great outcomes and bad decisions don't always lead to bad outcomes.
By shifting your thinking from a need for certainty to a goal of accurately assessing what you know and what you don't, you'll be less vulnerable to reactive emotions, knee-jerk biases, and destructive habits in your decision making. You'll become more confident, calm, compassionate, and successful in the long run.
Includes a bonus PDF of charts and graphs.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2018 Annie Duke (P)2018 Penguin AudioCritic Reviews
"A big favorite among investors these days."–The New York Times
"A compact guide to probabilistic domains like poker, or venture capital... Recommend for people operating in the real world."–Marc Andreessen
"Duke’s discussion is full of wisdom and also of fun, warmth, humor and humanity. Her sharp, data-driven analysis comes with a large lesson, which is that losers should be willing to forgive themselves: Sometimes the right play just doesn’t work."–Cass Sunstein, co-author of Nudge
Absolutely amazing!
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He ideas are enlightening and challenging.
Annie has an engaging style and has filed this book with relatable anecdotes and quality research.
Highly recommended.
Extraordinary!!
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Annie delivers the performance well.
Can recommend.
Deeper than the title suggests
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Annie Duke learned from the best about how to be a professional poker player. Using her strong academic background, she was able to apply this to all kinds of decisions away from the poker table.
I found this book very helpful for recognising that even when I don't have certainty or all the facts, I've got enough to take the next good step.
Helps you stop feeling like a victim
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Love this book.
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Great Thinking Book
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Unbelievable map for structuring thinking. Very useful.
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Thoroughly enjoyed this book
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thoughtful concepts but dragged on a little
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Very well written and stories were interesting and relevant
Great Book
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