#71: Betting on Yourself - The Secret to Better Decision Making

DO YOU BET ON YOURSELF?

Every day is made up of hundreds if not thousands of decisions, but what connections do we make between those decisions and our success? Are there ways we can change our perceptions about decision making in order to be more effective?

Join us in today's episode as we discuss ideas from the book Thinking in Bets by Annie Duke, and the secrets to better decision making.

EPISODE HIGHLIGHTS

• 00:30 - Resulting - The quality of a decision is not determined by it's outcome
•  2:00 - The worst play in Super Bowl history
• 5:35 - It's all a bet—there are no "sure" things
• 7:05 - Learning to think in probabilities
• 8:50 - I can't believe they won!! Any percent chance is still a chance
• 11:25 - A better way to compare

HABIT TO PRACTICE

• Recognize that your decisions are more like bets, and practice thinking about and declaring your confidence in probabilities!

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