“When we think probabilistically, we are less likely to use adverse outcomes to reinforce our belief that we made a poor decision. Learning to recognize the difference between the two is what thinking in bets is all about.”ĥ. “Thinking in bets starts with recognizing that there are exactly two things that determine how our lives turn out: the quality of our decisions and luck. “The ability to distinguish between what you know and what you don’t – what Daniel Kahneman calls distinguishing the inside and outside view – can have a profound impact on your decision-making process.”Ĥ. Any decision we’re trying to make has the effect of a bet, because every choice we make can have multiple outcomes, some of which are based on luck.”ģ. “The future is uncertain, and we should all be making a few more bets. “The more we admit what we don't know, the better we are at framing the uncertainty and narrowing down where the surprises might come from.”Ģ. Here are five powerful quotes from the book:ġ. Success isn't about always being right, it's about making better bets on the probabilities. Master the art of decision making in uncertain environments with Annie Duke's 'Thinking in Bets'.
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