Feb 13, 2018
Decisions, Bets, Results, Risk, Poker
Summary
How does a cost-benefit analysis relate to one’s happiness? We’ll look at that in our Thought of the Day. And in our interview segment, we’ll share an amazing discussion with Annie Duke that will take your decision-making ability to an entirely new level. That and more on today’s show.
Bob's Thought of the Day
We’ll explore:
- What drives our decision-making.
- The meaning behind a powerful quote by Harry Browne: “Individuals make mistakes. But every act is aimed at bringing happiness.”
- Two
examples of using a cost-benefit analysis in our
decision-making.
Interview with Annie Duke
You’ll discover:
- Why you don’t need to know anything about poker to benefit from Annie’s new book, Thinking in Bets.
- What you can learn about decision-making from what is regarded as one of the worst calls in NFL history.
- Why you should disconnect the outcomes of a decision from the quality of the decision itself.
- How Annie defines a bet, and why it’s helpful to treat your decisions as bets.
- Why you should not be so quick to pat yourself on the back when you have a good result.
- The power of saying, “I’m not sure.”
- Several techniques for making better decisions.
- The danger of announcing your decisions with absolute certainty.
- What you can learn about decision-making from Homer’s The Odyssey.
- Why a lot of good can come from asking ourselves, “Wanna’ bet?”
Click to Tweet
- Three of the most powerful words we can ever say are, “I’m not sure.” @AnnieDuke #relationships
- The quality of our lives is the sum of #decision quality plus luck. @AnnieDuke #success
- How
big a #bet would you place if you knew your opinion had to be
correct before speaking, posting, or tweeting it?
@AnnieDuke
Interview Links
Thinking in Bets: Making Smarter Decisions When You Don’t Have All
the Facts by Annie
Duke
Connect with Annie on LinkedIn
Connect with Annie on Facebook
Annie’s YouTube channel
Resources
How I Found Freedom in an Unfree World by Harry Browne
Pre-order The Go-Giver Influencer