My guest today, Annie Duke, is a psychologist, turned poker player, turned best selling

author.

Her focus in all of these endeavors, how to make better decisions.

I felt this realization that I never had stopped doing cognitive science because the

thing that I was obsessed with in graduate school, which was learning under conditions

of uncertainty and uncertain systems, was really what I was doing in poker.

Welcome to People I Mostly Admire, with Steve Levitt.

In her latest book entitled Quit, the Power of Knowing When To Walk Away, Annie tackles

one of my favorite subjects, quitting.

All sorts of systematic biases have been laid bare by the field of behavioral economics,

but in my opinion, not quitting soon enough, is the most costly mistake people are making

in their everyday lives.

But I haven't had much success in convincing people that's the case, hopefully Annie Duke

is more persuasive than I am.

So Annie, a couple of times on this podcast, I've offered my guests one of the highest

compliments I can give.

I've called them a quitter.

How would you feel if I called you a quitter?

Well knowing you, I would feel complemented.

Because you just written a new book and it's called Quit, the Power of Knowing When To Walk

Away.

And I hope a lot of people can read that book and they're going to come to realize that

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