The solution?
"Thinking in Bets" is a decision-making framework that involves considering multiple possible outcomes of a decision, rather than just one. It's about recognizing that every decision is uncertain and that there are always multiple possibilities. By thinking in bets, you can:
The foundational argument in Thinking in Bets is that most life decisions are made under conditions of uncertainty and hidden information, much like a poker hand.
Duke argues that life is poker, not chess. Chess has perfect information; poker (and business, relationships, and health) involves hidden information and luck.
Thinking in Bets by Annie Duke teaches that the quality of our lives is the sum of decision quality plus luck