Biases

Thinking in Bets Summary of Key Points

In ‘Thinking in Bets,’ former World Series of Poker champion turned business consultant Annie Duke merges her poker expertise with cognitive psychology to outline a framework for making better decisions under conditions of uncertainty. She posits that life is more like poker than chess, as decisions must often be made with incomplete information. Duke offers practical strategies for acknowledging and coping with the inherent uncertainty of decision-making, emphasizing the importance of distinguishing between good decisions and good outcomes.

Thinking, Fast and Slow Summary of Key Points

Thinking, Fast and Slow is a best-selling book by Nobel Memorial Prize in Economic Sciences laureate Daniel Kahneman. The book delves into the two systems of thought: the fast, intuitive, and emotional System 1, and the slower, more deliberative, and more logical System 2. By understanding these systems, readers can learn to make better decisions in business and personal life.