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Annie Duke is a renown public speaker and decision strategist. For two decades, she was one of the top poker players in the world, including winning a World Series of Poker bracelet and the $2 million winner-take-all WSOP Tournament of Champions. Her study of the science of smart decision-making began with a National Science Foundation Fellowship, which she used study Cognitive Psychology at the University of Pennsylvania.\\xa0 Among her charity work and television appearances, Annie was a runner-up to Joan Rivers on Celebrity Apprentice, during which she raised $700,000 for Refugees International. She is a natural teacher and storyteller with an active mind that constantly searches for accurate truth.

I highly recommend Annie\\u2019s new book, Thinking in Bets, which comes out this week. In her life after poker, she is a featured speaker, writes a newsletter and a blog, and advises companies on improving their decision-making process. Have a look at her website, annieduke.com, for more information.

Our conversation discusses Annie\\u2019s path from an Ivy League education to professional poker, the nature of a bet, how we form beliefs, why we make bad decisions, and what we can do to improve our decision-making process. Towards the end, we also talk about bankroll management, poker faces, and advice she would give the President on how to make better decisions.

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Show Notes

2:30\\xa0\\u2013 Annie\\u2019s path through the poker world\\xa0

6:05 \\u2013 Her transition into teaching and the lesson of tilt\\xa0

11:57 \\u2013 How do you apply the concepts of betting and gambling broadly to decision making\\xa0

13:35 \\u2013 What is it about the science of the brain that prevents us from making good decisions

\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 14:17 \\u2013 Stumbling on Happiness

\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 14:19 \\u2013 Dan Gilbert Ted Talk

\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 15:44 \\u2013 Kluge: The Haphazard Evolution of the Human Mind\\xa0

18:50 \\u2013 Motivated reasoning\\xa0

21:10 \\u2013 Is there anything we can do to fix our decision-making biases (wanna bet)\\xa0

28:05 \\u2013 Other devices to improve our decision-making\\xa0

32:29 \\u2013 Value of a decision group

\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 33:16 \\u2013 Superforecasting: The Art and Science of Prediction

34:00 \\u2013 Mertonian Norms, CUDOS\\xa0

40:27 \\u2013 Mental time travel (Marty McFly from Back to the Future)

\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 42:55 \\u2013 Jerry Seinfeld \\u2013 Night Guy vs Morning Guy\\xa0

44:55 \\u2013 Applying these tools and the parallels between poker and investing\\xa0

48:59 \\u2013 Reading poker faces

\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 49:21 \\u2013 Joe Navarro books

\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 49:34 \\u2013 Joe Navarro Psychology Today\\xa0

52:50 \\u2013 What advice would Annie give President Trump in terms of improving his decision-making process\\xa0

53:52 \\u2013 Favorite sports moment\\xa0

55:45 \\u2013 What teaching from Annie\\u2019s parents has most stayed with her\\xa0

56:08 \\u2013 What information does Annie read that a lot of people might not know about that is valuable

\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 56:18 \\u2013 The Greatest Show on Earth: The Evidence for Evolution

\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 56:19 \\u2013 Why Evolution Is True

56:58 \\u2013 What life lesson does Annie wish she knew earlier in life

58:28 \\u2013 Looking ahead, what advice would Annie give herself today from a ripe old age