Thinking in Bets hits decision-making from a different angle.
It’s written by Annie Duke, who was a professional poker player (the only woman to have won the WSOP Tournament of Champions and the NBC National Heads-Up Poker Championship), and now is a speaker and consultant on decision strategy.
Her base premise is this: Decisions are not like chess – they are like poker.
In chess, it’s about strategy. There’s not much luck. Everything is there in the open and nothing randomly appears or disappears.
In poker, you don’t have all the facts. You don’t know what the other person has or what the next cards might be. What you have are probabilities and possibilities.
So what does that have to do with decision-making?
Let’s explore.