Ep. 157: Annie Duke - How to Decide

As human beings, there are many ways in which we tend not to make great decisions, particularly when risk is involved. So, what does great decision-making under uncertainty look like? This episode is jam-packed with plenty of insight, useful techniques and fascinating research. Making her second appearance on the All Things Risk podcast is Annie Duke. Annie is a former World Series of Poker champion (she's won ~$4 million in the game before retiring in 2012) and is now a speaker, consultant and decision scientist. We had Annie on the show a couple of years ago to discuss her first book Thinking in Bets – Making Smarter Decisions When You Don't Have All the Facts – a best-seller. Today, Annie joins us to talk about her latest book How to Decide – Simple Tools for Making Better Choices. In it, she merges her poker expertise with her cognitive psychology research to create a series of tools anyone can learn to make better decisions. We get into a ton of great stuff about decision-making in this podcast covering risk, faulty information, how to make great decisions quickly, we talk about quitting, why decision-making isn't taught in schools, Annie's work for the Alliance for Decision Education and much more. Show notes: Annie's website How to Decide Thinking in Bets The Alliance for Decision Education Michael Mauboussin Daniel Kahneman Amos Tversky Richard Thaler Pete Carroll Motivated reasoning Satisficing Angela Duckworth and Grit Alex Honnold - Free Solo Cass Sunstein Barry Staw Katy Milkman Jack Horner _ _ _ _ _ _ _ _ Like what you heard? Subscribe and/or leave a rating and review on Apple Podcasts: http://apple.co/1PjLmK Subscribe on Stitcher: http://www.stitcher.com/podcast/all-things-risk/the-all-things-risk-podcast Subscribe on Soundcloud: https://soundcloud.com/ben-cattaneo Follow the podcast on Twitter: https://twitter.com/RiskThings Drop us a note: [email protected]  _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Our free course module "How to Set Up Any Decision for Success" from our upcoming course How to Make Decisions With Calm and Confidence