Thinking In Bets

Making Smarter Decisions When You Don't Have All the Facts

Annie Duke

Book Synopsis

"Thinking In Bets" by Annie Duke is a thought-provoking exploration of decision-making in an uncertain world. Duke, a former professional poker player, combines her experiences at the poker table with insights from cognitive science to delve into the art of making better decisions.

Drawing from her poker expertise, Duke explains how thinking in bets can help us navigate the complexities of life. She argues that all decisions involve uncertainty, and we can improve our decision-making by embracing uncertainty as an inherent part of the process.

Duke emphasizes the importance of recognizing our own biases and separating the quality of a decision from the outcome. By focusing on the process rather than solely on the outcome, we can better evaluate the decisions we make.

With practical strategies and real-world examples, Duke guides readers through the concepts of evaluating the probabilities and possible outcomes of our decisions. She teaches us how to think more probabilistically and make better assessments of risk.

The book also highlights the role of emotions in decision-making and how they can often cloud our judgment. Duke offers techniques to mitigate the impact of emotions and make more rational decisions.

In addition to examining decision-making on an individual level, Duke explores how these principles can be applied to organizations and institutions. She explains how embracing uncertainty and thinking in bets can lead to more effective leadership and teamwork.

"Thinking In Bets" is a captivating read that challenges traditional notions of decision-making. Duke's unique perspective as a poker player offers valuable insights, making this book an invaluable resource for anyone looking to improve their decision-making skills in an unpredictable world.

Explore More Books

See All
The Revolt of the Public
Letters to a Young Poet
Just Kids
Trump
The Skeptics' Guide to the Universe
Certain To Win
Oscar
Coyote America
Artemis
God's Debris
Beyond The Blue
The Precipice
The AI Revolution in Medicine
The Great Mental Models
The Kite Runner
The Revolt of the Elites and the Betrayal of Democracy
Innovation and Entrepreneurship
The Pursuit of Wow!
Letters to a Young Scientist
Very Classy
The French Revolution and What Went Wrong
Uncaring
The War of Art
The Attention Merchants
Security Analysis
Physics of the Future
I, Robot
Elon Musk
The White Album
Change.edu
Structures
All Out War
The World Crisis
The Dovekeepers
The Wizard of Menlo Park
Limitless
The Fever
Fall of Constantinople
Value Investing
Les Miserables
A Matter of Degrees
Ladies and Gentlemen - Lenny Bruce!!
Sustainable Materials With Both Eyes Open
The Sympathizer
Dopamine Detox
Second Foundation
Bitcoin Billionaires
How Will You Measure Your Life?
American Kingpin
Use of Weapons
Drive
The Prize
The Information
Fermat's Enigma
The Happiness Hypothesis
Ender's Shadow
The Great Gatsby
Don't Feed the Monkey Mind
The Godfather
Shaping the Future of the Fourth Industrial Revolution
Triumphs of Experience
99% True
Alchemy
Look to Windward
How To Get Rich
Frames of Mind
Distant Force
Rock On
Mastering the Core Teachings of the Buddha
Complexity and the Economy
The Man Who Knew Infinity
The Evolution of Everything
Buddha's Brain
The Art of Manipulation
The Virgin Suicides
The Psychology of Money
The Myth of the Strong Leader
Arctica
World War 3.0
It's Not How Good You Are - It's How Good You Want To Be
The Untethered Soul
Thinking with Type
The Therapeutic Turn
The Perfect Bet
A New History of Greek Mathematics
Prepared
Letters of Note
Frenemies
A Bite-Sized History of France
The Bed of Procrustes
Einstein's Mistakes
The Giving Tree
The Yoga Sutra of Patanjali
The Rosie Project
Competing Against Time
The Story of Civilization: The Age of Reason Begins
The Worlds I See
Money Changes Everything
Active Inference
Hidden Repression