Thinking in Bets

  • One of the things the author learned early on as she switched careers to become a professional poker player is to understand what a bet is: a decision about an uncertain future. Treating decisions as bets allowed her to find learning opportunities in uncertain environments, learn from results, avoid common decision traps, and afforded her the opportunity to make decisions with better control of her emotions.
  • The premise of this book is that Thinking in bets will allow you to make better decisions:
    • Separate the decision quality from the outcome quality
    • It will also introduce you to the power of saying “I’m not sure”
    • It will enable you to recall your past self and combine that with your present self to make less-emotional decisions
    • Learn how to map out the future
    • Become less reactive
    • find other truth-seekers and exchange knowledge with them to become a better decision maker.
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