An edition of Thinking in Bets (2019)

Thinking in Bets

Making Smarter Decisions When You Don't Have All the Facts

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Last edited by ImportBot
December 7, 2022 | History
An edition of Thinking in Bets (2019)

Thinking in Bets

Making Smarter Decisions When You Don't Have All the Facts

  • 3.00 ·
  • 1 Rating
  • 60 Want to read
  • 0 Currently reading
  • 3 Have read

n 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 hand 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.

Publish Date
Publisher
Portfolio
Pages
288

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Edition Availability
Cover of: Thinking in Bets
Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts
May 07, 2019, Portfolio
paperback

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Book Details


Edition Notes

Source title: Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts

Classifications

Library of Congress
, HD30.6.D85 2018

The Physical Object

Format
paperback
Number of pages
288

ID Numbers

Open Library
OL27328231M
ISBN 10
0735216371
ISBN 13
9780735216372
Amazon ID (ASIN)
0735216371

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History

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December 7, 2022 Edited by ImportBot import existing book
September 20, 2021 Edited by ImportBot import existing book
October 11, 2020 Edited by ImportBot import existing book
August 13, 2020 Edited by ImportBot import existing book
October 3, 2019 Created by ImportBot Imported from amazon.com record