Strategic decision-making approaches to build wisdom in your everyday decisions.

Annie Duke is the author of Thinking in Bets - A book full of genius psychology and poker tips to help you build mental models to make better decisions.

Annie is a psychologist studying cognitive behavioural decision science and in her life as a professional poker player she won the World Series. She was even the highest-paid female player in history when she retired.

Her psychology helped her poker and her poker helped her psychology.

The summation of her lessons are wrapped up in the book 'thinking in bets' and in today's episode I break down my 5 favourite rules and mental models from the book that are worth using in your life.

At a simple level, building wisdom is the process of making better decisions. Nothing more. so that's what we're going to learn about today

Related episodes

163: Making bets that pay off - Annie Duke - 23rd March 2021
Apple - https://podcasts.apple.com/us/podcast/163-making-bets-that-pay-off-annie-duke-author-speaker/id1273606075?i=1000514050530
Spotify - https://open.spotify.com/episode/1GXnNJqhPfZJtLxb7M3dCp?si=8e8a2edaa82f4ada
Thinking Fast and Slow - 12th July 2024

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Chapters

00:00 Thinking in Bets summary - Understanding life's chances

01:56 How Annie Got into Poker

04:24 Rule 1 - Seek Truth

05:26 Rule 2 - Do not chase losses

07:08 Mental models

07:35 Model 1 - Wisdom is good choices - (you don't know what a good choice is)

10:32 Model 2 - Question common knowledge

12:55 Model 3 - Make bets

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