Wasn't For Me

3 hours and it's nothing new if you're familiar with behavioral economics. For a more interesting listen I'd recommend Charles Duhigg's "Smarter Faster Better" which briefly touches on Annie Duke's story while driving home many of the key points of probabilistic thinking better.

92 personnes ont trouvé cela utile

Great insights on improving decision making

Found out about this book via Michael Mauboussin discussing it on twitter - a highly credible source on decision making material - and the book did not disappoint.

'Think like a bettor. Think less about whether we are confident or not and more about how confident we are.'

Few key concepts that I think this book nailed:

Importance of accurate outcome analysis rather than 'resulting' and drawing too tight of a relationship between outcome quality and decision quality in a very uncertain world in which almost everything is a result of a combination of both luck and skill.

Biases she explains greatly - motivated reasoning, hindsight bias, self serving bias, internal conflicts of interest, knowing outcome when analyzing decision, temporal discounting + more.

Making decisions via explicit bets - thinking through wanna bet lens to better recognize there is always a level of uncertainty. Leads to tempering our statements as we stop to quantify the level of risk in our statements/beliefs which ultimately leads us closer to the truth.

Short term vs long term thinking - overestimating impact of momentary events on our happiness leads to irrational and emotional thinking which can degrade the quality of our bets and increase chance of bad outcome. Love the insight on the importance of this concept as she touches on temporal discounting, emotional decision making, and importance of accessing our past and future selves to put in the moment events in better perspective.

-Marcus

46 personnes ont trouvé cela utile

A meeting that could have been an email

This is a really important and interesting book but it's unnecessarily long.

The concepts in this book would make an amazing ten-minute video or a really long blog post but as a book, it's stretching things out for the sake of it.

29 personnes ont trouvé cela utile

Want to bet you will enjoy this book.

Would you listen to Thinking in Bets again? Why?

Yes, because I want to hear the many ideas and suggestions by Ms. Duke I missed the first time.

What did you like best about this story?

Ms. Duke takes complex areas of behavior science, decision making processes, and the pursuit of truth and couples those principles of sciences to the methods used by a professional poker player.

What about Annie Duke’s performance did you like?

Calm, upbeat, friendly narration.

Did you have an extreme reaction to this book? Did it make you laugh or cry?

I immediately locked into the theme of the book because of my experience as a professional and an amateur card player.

15 personnes ont trouvé cela utile

Great book for people looking to challenge the way they think

If you like to convince yourself you're right most of the time, you need this book... And you won't like it.

Great book looking at the ways we delude ourselves into bad decisions, and shows ways you can get better at that. Some good stories and anecdotes, and thoughtful discussion of ways to teach yourself how to make better decisions.

Tied in very well with another book I'm reading on behavioral economics.

Would have liked a few more concrete examples tied into the discussion, but I really enjoyed and thought was valuable. You should read it.

13 personnes ont trouvé cela utile

would have been 5 stars but too much poker

in short, the book is fantastic and definitely worth the read. I was a little put off by the massive number of Poker references and quite frankly, almost called it quits after the first few chapters. If you power through all of that stuff, it gets particularly good towards the end. In fact, the two last chapters are by far the very best.

I realize the author was a professional poker player but she Begins the book stating that it is not about poker. you will question the statement as you go through the first few chapters.

I've read a lot of books similar to this and I have to say that this one has thus far had the greatest impact on my day-to-day decision-making by a long shot.

13 personnes ont trouvé cela utile

The functional version of Thinking Fast And Slow

Easily digestible. Immediately applicable. Information was not sacrificed for brevity. Not too long like Kahneman’s book.

12 personnes ont trouvé cela utile

Meh.

This is a great example of a book where buying the summary would have been far more profitable than sitting through the whole thing.

11 personnes ont trouvé cela utile

Required reading for all traders

Of all the books I have read, this book has made the most impact on my trading results. It takes a concept presented by Mark Douglas in Trading in the Zone and crystallizes it. For everyone who seeks certainty in trading and investing, this is a must read.

10 personnes ont trouvé cela utile

Very basic, wide survey, well composed and told

This is a walk-through of big ideas in decisions-under-uncertainty. It is low-math, but about as useful as one can get without equations. It is top-level as an absolute entry-level walk-through. It touches very shallowly on game theory, probability, and behavioral economics. It is composed almost across the board of others' ideas and quotes, but it is a nice plain-English synthesis. It is easy to acquire some sensible ideas here. Anyone who has been rooting through this stuff knows it all already, but I am enjoying it as a light refresher. The author narrates it. She has a fresh, youthful, non-professional voice, with no gravitas whatsoever. It was a bit distracting but I got used to it. I came to appreciate her sparkle and verve. I find myself enjoying myself, as I did with, say, Taleb's Fooled by Randomness. As with popular math books, it is easy for an author to promise a lot of easy understanding but to get plodding and dense and unlistenable in a hurry. This author did not fall into that trap. But those looking for serious analytical math-tools may aim for a more advanced level.

10 personnes ont trouvé cela utile