You are smart..and that's the real problem 😎 #DecisionMaking

Thinking in Bets

“If we aren’t wrong just because things didn’t work out, then we aren’t right just because things worked out well.”

It’s February month and we switch the theme to the art and science of decision making, a topic most of us often struggle with.

But before that, as mentioned earlier, our subscribers from India are having a tough time paying due to regulatory issues - so have enabled an alternative payment method from Razorpay. Use this for susbcription.

Talking about decision making, one of my fav books on this topic is Thinking in bets by Annie Duke, a professional poker player.

Thinking in bets starts with recognizing that there are exactly two things that determine how our lives turn out: the quality of our decisions and luck. Learning to recognize the difference between the two is what thinking in bets is all about.

When something good happens, we attribute it to our skills.
When something bad happens, we attribute it to bad luck.

5+2 #AtomicIdeas from the book 👇

1. Life is Poker, Not Chess

   Life is not like chess. Chess contains no hidden information and very little luck.
   Life is more like poker. You could make the smartest, most careful decision and still have it blow up in your face.