Welcome to the Jill on Money Podcast. It is Sunday, December 6th and today we're airing the second part of our interview with Annie Duke. She's the author of the new book How to Decide.

Simple Tools for Making Better Choices.

Today, we're going to dive deep into how we can get you to imagine really bad things in advance of

them happening and then dealing with it.

We're also going to talk about the pre-mortem process.

She'll explain that. And of course our favorite topic of the late fall,

the Queen's gambit.

Here's the conclusion of our interview with Annie Duke.

You know, we talk a lot on this show about investing about making financial decisions and in my previous career when I was a financial planner and investment advisor

You know I'm always trying to get people to imagine really horrible things.

And I want to say to them, well, you know, of course this is unlikely, but.

And I guess this is a little bit of trying to explain to people that bad things can happen we can

protect against those bad things and have them try to imagine what it would feel

like if God forbid you died when you were 35 years old and you left your family destitute.

Now, is there some part of the pre-mortem process that you created in the book that you talk

about, where you can get people to imagine these potential outcomes before they're really bad like what is it that is important to give people in terms of the the ways to imagine bad stuff.

Yeah, so first I just want to say I didn't invent pre-mortums.

I do build on the concept that that comes from Gary Klein.

So basically, you know, people talk about the power of positive thinking all the time and it's obviously incredibly popular. You know, this idea that you set a positive destination for yourself and then you imagine success along the way.

When I think about the power of positive thinking,

I think that if you really want to have success

that the power of positive thinking is actually not the best way to go. And the reason is that if you

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