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Thinking in Bets

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

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Thinking in Bets

De : Annie Duke
Lu par : Annie Duke
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À propos de cette écoute

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.

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PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

©2018 Annie Duke (P)2018 Penguin Audio
Direction Management et direction Prévision et planification stratégique Psychologie Psychologie et psychiatrie Réussite personnelle
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Bonne écoute !

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    Commentaires

    "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

    Tout
    Le plus pertinent  
    Reads like a good intro on behavioral economics and various decision and cognitive biases. Your enjoyment of the book will probably vary whether or not you like and/or are already familiar with those topics, because there is nothing fundamentally new in this book, and it can feel like a rehashed version of other works. Also a bit repetitive overall (the same examples are used over and over again) - could have been edited down.

    Good but not great

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    I was expecting a more technical content. As many, this book is more related to basic concepts. Maybe more psychological than mathematical by the way. There are 3-4 main concepts, for more than 6 hours of listening. Funny anecdotes. However could last 1h max I suppose.

    Good, despite « superficial » probabilities

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    Could be summarized in a 1 hour audio. Not indicated if you're not American, a Poker player, a Baseball fan or part of the Author's family.

    A long TED talk

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    not interesting it is just a long summary of already wildly shared ideas. the book is too long.

    nothing new to learn

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