Better Decisions - Thinking in Bets

Annie Duke was a professional poker player and psychologist. Her book "Thinking in Bets" provides a brilliant set of rules and mental models for rationality in a confusing world.

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Timestamps

• 00:00 - Life is a game of chance
• 00:51 - Episode outline
• 02:01 - How Annie got into poker
• 04:27 - Rule 1 - Seek Truth
• 05:30 - Rule 2 - Never chase losses
• 07:05- Mental models
• 07:28 - Model 1 - Wisdom is statistically good choices
• 10:24 - Model 2 - Question common knowledge
• 12:51 - Model 3 - Bet on it
• 14:24 - Wrap up

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