Annie Duke Wanna Bet? - [Invest Like the Best, EP.125]

Published: March 19, 2019, 9:30 a.m.

b'My guest this week is with Annie Duke, and the topic of our discussion is how to improve decision making.\\n We break decisions down into their component parts: values, beliefs, decisions, randomness, and outcomes. After diving into each, we discuss how to make better decisions, how to work in group settings, and how to harness power of tribes and identity to improve our behavior.\\n Annie has thought about this as much as anyone, and her various tricks for getting us to think in probabilities and to stop evaluating decisions based on outcomes that have been tainted by randomness will be useful for anyone listening.\\n Please enjoy.\\n For more episodes go to InvestorFieldGuide.com/podcast.\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.\\n Follow Patrick on Twitter at @patrick_oshag\\n \\xa0\\n Show Notes\\n 1:23 - (First Question) \\u2013 Why people don\\u2019t take the best investing advice\\n 2:11 \\u2013 Investing tribes\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 4:21 \\u2013 Jay Van Bavel twitter\\n 6:34 \\u2013 Rule setting as a way of crafting an investment strategy\\n 11:13 \\u2013 How much control do we have in choosing our values\\xa0\\xa0\\n 15:52 \\u2013 Anatomy of a decision\\n 19:28 \\u2013 Her concept of resulting\\n 26:47 -\\xa0 How beliefs impact your decision making\\n 34:28 \\u2013 Tact\\u2019s for making the best decision\\n 42:40 \\u2013 Ego and decision making\\n 47:06 \\u2013 People who are exceptional at changing their decision making\\n 48:18 \\u2013 How often do people who change their decision making, stick with the rules of the game\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 50:07 \\u2013 Finite and Infinite Games\\n 50:28 \\u2013 Psychology of making decision that involves other people\\n 59:20 -\\xa0 Never close doors on other people\\n 1:01:57 \\u2013 Best decision that Annie made\\n 1:04:24 \\u2013 Kindest thing anyone has done for Annie\\n \\xa0\\n Learn More\\n For more episodes go to InvestorFieldGuide.com/podcast.\\xa0\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub\\n Follow Patrick on twitter at @patrick_oshag'