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Annie Duke is a is a poker champion turned author whose here to teach us how to get comfortable with uncertainty and make better decisions. QUOTES [12:25] "Be
by harpreetsahota 6y ago
Annie Duke is a is a poker champion turned author whose here to teach us how to get comfortable with uncertainty and make better decisions.
QUOTES
[12:25] "Betting is basically saying I have some set of limited resources that I can invest in to and I'm choosing among options where how that option turns out is not deterministic. It's probabilistic."
[16:25] "We're living in a probabilistic world, meaning that there are very few decisions that you can make that are guaranteed to have one single outcome."
[20:14] "But presidential campaigns actually happen over quite a long period of time...Can you think of anything? Where in real time, people are analyzing the decisions that are being made more than a national presidential election."
[26:10] "Our brains really like to make a create a narrative that makes sense where one thing leads to another and kind of an orderly fashion. We really aren't comfortable with randomness."
[28:19] "So luck is intervening between the decisions that you make, the option that you choose, and the particular outcome that you happen to observe."
[32:43] "I also don't know a lot of stuff. The way to solve for that is to go explore the universe of stuff that I don't know, and to explore that in a really objective way. Where I'm kind of like maximizing my ability to run into information that is different than the things that I believe to be true,."
[39:40] "Well, smart people are just better at spinning narratives. They're better at looking at a set of data and interpreting that data to fit the model that they already have. That's just why it's just like this kind of narrative spinning that's kind of going on in our heads."
[01:01:58] "It's not that imagining failure causes failure. It's that imagining failure causes success, because if you imagine failure, you can see all the obstacles that might be lying in your path and then you can actually do something about them before you run into the obstacle"