Annie Duke is an author and professional poker player. She joins us for this episode of the podcast to share her wisdom on making good decisions. We typically assume that decision making is something we will only get better at through trial, error, and often just pure luck. Annie shares a plethora of tips and strategies that we can implement and practice in our lives by simply thinking in bets. What she has to share holds the potential to greatly improve our understanding and ability to navigate decision making in a constructive and healthy way. The good decisions start now, take a listen.Visit Annie’s website www.AnnieDuke.com to find her book, Thinking In Bets, or get in touch with her. Annie Duke has founded a youth-focused non-profit organisation, found at www.HowIDecide.org. For information regarding your data privacy, visit acast.com/privacy
with @annieduke, @pmarca, and @smc90
Every organization, whether small or big, early or late stage -- and every individual, whether for themselves or others -- makes countless decisions every day, under conditions of uncertainty. The question is, are we allowing that uncertainty to bubble to the surface, and if so, how much and when? Where does consensus, transparency, forecasting, backcasting, pre-mortems, and heck, even regret, usefully come in?Going beyond the typical discussion of focusing on process vs. outcomes and probabilistic thinking, this episode of the a16z Podcast features Thinking in Bets author Annie Duke -- one of the top poker players in the world (and World Series of Poker champ), former psychology PhD, and founder of national decision education movement How I Decide -- in conversation with Marc Andreessen and Sonal Chokshi. The episode covers everything from the role of narrative -- hagiography or takedown? -- to fighting (or embracing) evolution. How do we go from the bottom of the summit to the top of the summit to the entire landscape... and up, down, and opposite?The first step to understanding what really slows innovation down is understanding good decision-making -- because we have conflicting interests, and are sometimes even competing against future versions of ourselves (or of our organizations). And there's a set of possible futures that result from not making a decision as well. So why feel both pessimistic AND optimistic about all this??
Annie Duke is a former poker pro who has shifted her focus to decision making. She won the 2004 World Series of Poker and the 2010 National Heads-Up Poker Championship, amassing career winnings of $4m. Now, she is looking at why people make decisions that aren't in their long-term best interest, how we can gather more information information that would allow us to make better decisions, and how we distinguish between the elements of luck and skill in the outcomes of our decisions. Check out our interview with Annie Duke, author of 'Thinking In Bets'.