This book summary podcast from Annie Duke's Thinking in Bets uses poker as a metaphor to illustrate how people make decisions. It explores cognitive biases like resulting (confusing outcome with decision quality) and motivated reasoning, arguing that we should view decisions as bets with probabilistic outcomes rather than certainties. The book advocates for improving decision-making through techniques such as mental time travel (engaging past and future selves), scenario planning, and creating truth-seeking groups to mitigate biases and promote objective analysis. The author emphasises the importance of separating luck from skill and learning from both successes and failures to make better choices. Furthermore, the text highlights the significance of open communication and data sharing in collaborative decision-making.
Check out the full book here: