Ep. 187: Annie Duke - On "Quit," The Power of Knowing When to Walk Away

This episode is about something with which our society has a very unhealthy relationship: quitting. The advice of the legendarily successful is often boiled down to this: stick to things, don't quit. But that advice is very wrong. Annie Duke makes her third appearance on the podcast to tell us that quitting is far from a vice. Contrary to popular belief, winners quit a lot. That's how they win. If you are unfamiliar with Annie, she is a best-selling author, decision scientist, and a former professional poker champion. Her latest book is called Quit: The Power of Knowing When to Walk Away. In it, she draws on a wealth of findings in behavioural science, real-life examples, and thoughtful analysis to make the case for quitting. She joins to talk about that, why quitting is such an important skill, and how to get better at it. Show notes: Quit: The Power of Knowing When to Walk Away Annie's website How to Decide Thinking in Bets Michael Mauboussin Daniel Kahneman Amos Tversky Richard Thaler Pete Carroll Expected Value Loss Aversion Status Quo bias Survivorship bias Escalation of commitment John List's piece on quitting Ep 157 of All Things Risk with Annie Ep 90 of All Things Risk with Annie _ _ _ _ _ _ _ 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