40: Annie Duke | How to Make Decisions Like a Poker Champ
The Jordan Harbinger Show
Jordan Harbinger
4.8 • 12.3K Ratings
🗓️ 9 May 2018
⏱️ 67 minutes
🧾️ Download transcript
Summary
Annie Duke (@AnnieDuke) is a World Series poker champion, Ante Up for Africa co-founder, public speaker, and author of Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts.
What We Discuss with Annie Duke:- Thinking in Bets isn't really about poker -- and neither is this episode.
- Two things that determine the quality of our lives: the quality of our decisions and luck; we'll learn to understand the difference between the two.
- Common mistakes we make when evaluating decisions, namely something called resulting -- which all of us do -- which leads to worse decision quality over time.
- How we can become better belief calibrators, and why this helps us mitigate bias in our thinking and in our decision-making process.
- How Annie and other world champion poker players have formed decision-making pods with one another to help them get better at decision quality and strategy, and how you can do the same.
- And much more...
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Transcript
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| 0:00.0 | you know the question is do you want to feel good now or do you want to sort of |
| 0:02.9 | improve the quality of your results in the long run. I personally want to choose to |
| 0:07.7 | improve the quality of my results in the long run so I'll take a little bit of pain right now. |
| 0:13.6 | Welcome to the show. I'm Jordan Harbinger. As always I'm here with my producer Jason DeFilippo. |
| 0:18.5 | On this episode we're talking with Annie Duke. She's a retired champion, |
| 0:22.4 | she's poker player and she recently authored a book called Thinking in Bets. This is a really |
| 0:27.2 | good book. I've really enjoyed reading this. I love things that have to do with bias and decision-making. |
| 0:32.2 | Today we'll discover the idea that two things determine the quality of our lives, the quality of |
| 0:36.9 | our decisions and look and we'll learn to understand the difference between those two. We'll also |
| 0:41.6 | understand common mistakes that we make when evaluating decisions, namely something called resulting, |
| 0:46.8 | which all of us do and which leads to worse and worse decision quality over time. We'll also learn |
| 0:52.0 | how we could become better belief calibrators and why this helps us mitigate bias in our thinking |
| 0:56.8 | and in our decision-making process. Last but not least, Annie will explain how she and other world |
| 1:02.6 | championship poker players have formed decision-making pods with one another to help them get better |
| 1:07.8 | at making decisions, decision quality and strategy and how you can do the same at home. Don't forget |
| 1:13.3 | we have a worksheet for today's episode so you can make sure you solidify all your understandings |
| 1:18.0 | of all those key takeaways here from Annie Duke. That link is in the show notes at Jordan Harbinger.com |
| 1:23.4 | slash podcast. Now here's Annie Duke. Annie, thanks so much for coming on the show. I'm happy to be here. |
| 1:30.3 | So tell us why this is not a poker book because a lot of people are going, oh, I don't want it. |
| 1:35.4 | This isn't I'm not into poker and I'm playing poker. I don't care. This isn't a poker book, |
| 1:39.2 | but simply in the sense that you're not going to learn poker from reading it. What poker is mainly |
| 1:44.8 | used for is a way to inform some of the ways that we can think about life decisions, particularly |
... |
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