Better Decisions - Thinking in Bets
Sep 20, 2022•16 min
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Episode description
Annie Duke was a professional poker player and psychologist. Her book "Thinking in Bets" provides a brilliant set of rules and mental models for rationality in a confusing world.
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Timestamps
- 00:00 - Life is a game of chance
- 00:51 - Episode outline
- 02:01 - How Annie got into poker
- 04:27 - Rule 1 - Seek Truth
- 05:30 - Rule 2 - Never chase losses
- 07:05- Mental models
- 07:28 - Model 1 - Wisdom is statistically good choices
- 10:24 - Model 2 - Question common knowledge
- 12:51 - Model 3 - Bet on it
- 14:24 - Wrap up
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