Thinking in Bets

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

By: Annie Duke

0H 43M
Trailer
4.4/5 (1980)
Watch for Free
(3 day trial. Then $10/mo, billed annually)
7 videobook chapters 43M
Meet Annie Duke, former professional poker champion for nearly two decades. She explains how she got into the field of decision-making and why there's power in knowing the science behind it.
In this chapter, Annie Duke explores the concept of 'resulting' and why there's more to negative outcomes than just an initial decision.
Every decision is a bet because it is made as a forecast of an uncertain future. In this chapter, we'll learn why reanalyzing the relationship we have with life's crossroads could work in our favor.
Learning isn't a linear experience. In this chapter, we'll see how external factors such as skill, luck and our own personal biases should be weighed in decision-making.
Picking a reliable pod of people to keep us honest could be one of the best decisions we make when honing in on our decision-making skills. In this chapter, Annie Duke will teach us what to look for when we're sourcing these types of friends.
Our natural tendancy as humans is to gravitate towards pleasing the 'now' version of ourselves rather than the future. In this chapter, Annie Duke will show us how to reorient our thinking for a better betting landscape.
Decisions can be understood as branches on a tree, that we lose sight of as we climb higher. In the conclusion, we'll get a bird's eye view of what we have learned from this videbook so we can walk away as stronger betters.

What you'll learn

Length: 3 min

Meet Annie Duke, former professional poker champion for nearly two decades. She explains how she got into the field of decision-making and why there's power in knowing the science behind it.

Length: 9 min

In this chapter, Annie Duke explores the concept of 'resulting' and why there's more to negative outcomes than just an initial decision.

Length: 7 min

Every decision is a bet because it is made as a forecast of an uncertain future. In this chapter, we'll learn why reanalyzing the relationship we have with life's crossroads could work in our favor.

Length: 5 min

Learning isn't a linear experience. In this chapter, we'll see how external factors such as skill, luck and our own personal biases should be weighed in decision-making.

Length: 5 min

Picking a reliable pod of people to keep us honest could be one of the best decisions we make when honing in on our decision-making skills. In this chapter, Annie Duke will teach us what to look for when we're sourcing these types of friends.

Length: 9 min

Our natural tendancy as humans is to gravitate towards pleasing the 'now' version of ourselves rather than the future. In this chapter, Annie Duke will show us how to reorient our thinking for a better betting landscape.

Length: 2 min

Decisions can be understood as branches on a tree, that we lose sight of as we climb higher. In the conclusion, we'll get a bird's eye view of what we have learned from this videbook so we can walk away as stronger betters.

Why LIT Videobooks?

Unique insights

Gain unique insights by hearing stories
directly from the author and featured
interviews with book characters,
celebrities and experts.

Learn faster

Watch an entire book in under
2 hours. Our brains process visuals
60,000x faster than text.

Retain more

We retain up to 20% of written
or spoken information, but up
to 65% of visual information.

What our customers are saying

Customer reviews

PreviousNext

More about Thinking in Bets

Poker champion turned business consultant Annie Duke teaches you how to get comfortable with uncertainty and make better decisions as a result. In Super Bowl XLIX, Seahawks coach Pete Carroll made one of the most controversial calls in football history: With 26 seconds remaining, and trailing by four at the Patriots' one-yard line, he called for a pass instead of a hand off to his star running back. The pass was intercepted and the Seahawks lost. Critics called it the dumbest play in history. But was the call really that bad? Or did Carroll actually make a great move that was ruined by bad luck? Even the best decision doesn't yield the best outcome every time. There's always an element of luck that you can't control, and there is always information that is hidden from view. So the key to long-term success (and avoiding worrying yourself to death) is to think in bets: How sure am I? What are the possible ways things could turn out? What decision has the highest odds of success? Did I land in the unlucky 10% on the strategy that works 90% of the time? Or is my success attributable to dumb luck rather than great decision making? Annie Duke, a former World Series of Poker champion turned business consultant, draws on examples from business, sports, politics, and (of course) poker to share tools anyone can use to embrace uncertainty and make better decisions. For most people, it's difficult to say 'I'm not sure' in a world that values and, even, rewards the appearance of certainty. But professional poker players are comfortable with the fact that great decisions dont always lead to great outcomes and bad decisions dont always lead to bad outcomes. By shifting your thinking from a need for certainty to a goal of accurately assessing what you know and what you don't, you'll be less vulnerable to reactive emotions, knee-jerk biases, and destructive habits in your decision making. You'll become more confident, calm, compassionate and successful in the long run.

Editorial Reviews

PreviousNext

Meet the Author

Annie Duke

Annie Duke has leveraged her expertise in the science of smart decision making to excel at pursuits as varied as championship poker to public speaking. On February 6, 2018, Annie’s first book for general audiences, “Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts” was released by Portfolio, an imprint of Penguin Random House. In this book, Annie reveals to readers the lessons she regularly shares with her corporate audiences, which have been cultivated by combining her academic studies in cognitive psychology with real-life decision making experiences at the poker table.For two decades, Annie was one of the top poker players in the world. In 2004, she bested a field of 234 players to win her first World Series of Poker (WSOP) bracelet. The same year, she triumphed in the $2 million winner-take-all, invitation-only WSOP Tournament of Champions. In 2010, she won the prestigious NBC National Heads-Up Poker Championship. Prior to becoming a professional poker player, Annie was awarded a National Science Foundation Fellowship to study Cognitive Psychology at the University of Pennsylvania. Annie now spends her time writing, coaching and speaking on a range of topics such as decision fitness, emotional control, productive decision groups and embracing uncertainty. She is a regularly sought-after public speaker, addressing thousands in keynote remarks at conferences for organizations ranging from the Investment Management Consultants Association to the Big Ten Conference. She has been brought in to speak to the executive teams or sales forces of organizations like Marriott and Gaylord Resorts, among others. She is a sought-after speaker in the financial sector, with clients such as Susqehanna International Group and CitiBank. Annie regularly shares her observations on decision making and critical thinking skills on her blog, Annie’s Analysis, and has shared her poker knowledge through a series of best-selling poker instruction and theory books, including Decide to Play Great Poker and The Middle Zone: Mastering the Most difficult Hands in Hold’em Poker (both co-authored with John Vorhaus). Annie is a master storyteller, having performed three times for The Moth, an organization that preserves the art of spoken word storytelling. One of her stories was selected by The Moth as one of their top 50 stories and featured in the organization’s first-ever book. Her passion for making a difference has helped raise millions for charitable causes. In 2006, she founded Ante Up for Africa along with actor Don Cheadle and Norman Epstein, which has raised more than $4 million for Africans in need. She has also served on the board of The Decision Education Foundation. In 2009, she appeared on The Celebrity Apprentice, and raised $730,000 for Refugees International, a charity that advocates for refugees around the world. In October 2013, Annie became a national board member for After School All-Stars. In 2014, Annie co-founded How I Decide, a nonprofit with the goal of helping young people develop the essential life skills of critical thinking and decision making. In 2015, she became a member of the NationSwell Council. In 2016, she began serving on the board of directors of The Franklin Institute, one of America’s oldest and greatest science museums.

Explore more videobooks

PreviousNext
PreviousNext