Thinking in bets
When you lose, it is not necessarily because you made the wrong decisions.
When you win, It is also not only because you made the right decisions.
Thinking in bets is an important escape from the binary nature of our thinking.
Any person charged with making decisions without all of the information (That’s all of us by the way) would be well served by rethinking the art of decision-making.
Again, reflection, is paramount.
“We don’t win bets by being in love with our own ideas. We win bets by striving to calibrate our beliefs and predictions about the future to more accurately represent the world.”
Annie Duke’s important work reshaped my thinking on making decisions about the future. If you don’t have time for the full book – see this article: https://bit.ly/2X1BwsZ
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February 21, 2020