Thinking in Bets. Book Summary

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Annie Duke

What’s inside

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.

You’ll Learn

  • Enhancing decision-making skills in uncertain environments
  • Understanding the impact of cognitive biases on choices
  • Learning practical strategies for improving life and business decisions
  • Developing a healthier relationship with uncertainty and outcomes

Key Points

  • Life’s parallels with poker: decision-making under uncertainty
  • The difference between good decisions and good outcomes
  • Embracing uncertainty as a fundamental part of decision-making
  • Techniques for improving decision-making processes
  • The role of cognitive biases in decision-making
  • Forming belief circles to challenge and improve thinking
  • Long-term thinking in decision-making

Who’s it For

  • Business professionals
  • Poker players interested in strategy
  • Readers seeking decision-making skills
  • Fans of cognitive psychology

About the author

Annie Duke is an American professional poker player and author. With a World Series of Poker gold bracelet to her name, Duke has turned her focus to decision strategy, helping people make better decisions through her books, corporate speaking, and consulting work. Her unique blend of academic rigor and real-world experience offers readers valuable insights into the art and science of decision-making.