Cover of Thinking in Bets

Book · 2019 · Management games

Thinking in Bets

Making Smarter Decisions When You Don't Have All the Facts

by Annie Duke · Recommended by 5 people on 4 podcasts

Why people recommend it

Thinking in Bets by Annie Duke explores how to make better decisions under conditions of uncertainty by separating the quality of a decision from its ultimate outcome. Brad Barrett and co-host Jonathan frequently recommended this essential book across numerous ChooseFI episodes, including Unpacking the Path to the Boring Middle, 514 | The More I Tinker, The Worse it Gets, and several early roadmap episodes. The speakers praised Annie Duke's insights, particularly her framework for identifying the cognitive bias known as resulting, which is the tendency to judge the validity of a decision solely based on whether the result was good or bad. Drawing on her background as a professional poker player, Duke illustrates how life mirrors poker in its combination of skill, luck, and probabilities. Brad Barrett noted that the book put precise language to concepts he had pondered for decades, helping him approach life choices with probabilistic thinking. Co-host Jonathan similarly shared that reading the book struck a profound chord, fundamentally changing how he conceptualized risk and decision-making in his own household and financial journey.

Who recommended it

Brad Barrett — 17 mentions
Recommended
“So she wrote a book called Thinking in Bets, which I think is just an absolutely essential book for just living, basically.”
Discussed
“And that goes hearkens back to old poker thinking like Annie Duke who wrote the book thinking in bets is you make a decision with the best information you have at the time.”
Recommended
“I always go back to like Annie Duke's book talking about the concept of resulting so thinking in bets was her book and resulting”
Recommended
“that'd be like resulting as Annie Duke from the the book thinking and Bets calls it which is just looking at the result and not considering the process or what the odds were going into it”
Recommended
“I just recently read a book by a poker player actually named Annie Duke called thinking in bets and and she calls that kind of logical fallacy and thinking resulting which is just merely looking at the result and determining if it was a good or bad decision just based on the results”
Discussed
“and certainly as you're describing that I'm thinking about Annie Duke's book thinking in bets and she describes a process called resulting which is exactly that”
Recommended
“so I know Annie Duke's book thinking in bets has helped put some language to this that I had kind of thought of for decades”
Discussed
“I've talked about Annie Duke and like thinking in terms of of uh thinking in bets and probability cognitive biases positive psychology”
Discussed
“it's really been sitting with me uh thinking in bets by Annie Duke”
Discussed
“and I've read – Jonathan you and I both read thinking and Bets by Annie Duke and she actually has another book coming out specifically on decision making”
Recommended
“so this is pretty cool but I think for audience let's assume that there is still a single individual out there that has not read your incredible book thinking in bets”
Discussed
“the most important kind of topic that Annie talks about over her first book certainly thinking in bets is resulting which is looking at the result of a situation or a decision”
Recommended
“and both of Annie's books frankly right thinking in bets and how to decide I mean these books are going to positively impact your life”
Recommended
“it's like the the Annie Duke concept of resulting and I think this is this is one of the most important mental models that people need to acquaint themselves with is so go back listen to our episode with any Duke listen to her on others on other podcasts like Reader Books thinking abouts was just a life-changing book for”
Discussed
“we had the poker player Annie Duke on years ago and with her amazing book thinking in bets”
Recommended
“and it's funny because I think that book thinking in bets from Annie Duke that we mentioned a couple minutes ago everybody listening to this should take that out of the library or buy it on Amazon whatever it's a phenomenal book”
Recommended
“and we were originally introduced to this by uh Annie Duke the poker player right so in her unbelievably good book thinking in beds she talks about the concept of resulting”
Annie Duke — 3 mentions
Discussed
“But also when I'm thinking about even the book quit or thinking in bats which did get published I did tons and tons of quitting along the way.”
Discussed
“and the answer is exactly what you said it was because of conversations that I had with my readers who had read thinking in bats”
Discussed
“but also when I'm thinking about even the book quit or thinking in bats which did get published I did tons and tons of quitting along the way”
Jordan Harbinger — 2 mentions
Discussed
“almost like thinking in bets right have you ever read that book or heard of your book”
Discussed
“this is what annie duke calls resulting where if you like you get the if it works out you decide this was good for me ... and i think i think that annie's um thinking in bets really does um articulate it nicely”
Daniel Ek — 1 mention
Discussed
“Annie Duke has this thinking in bets she talks about I love that is thinking about poker ships on the table and and she said one time when when we spoke she said to me is like um a companies like um everyone has ships at the table”
Renee DiResta — 1 mention
Discussed
“um in yeah you know in authority and media almost like thinking in bets right Have you ever read that book or heard of your book yeah yeah”
Mentioned on the show without a named speaker — 4
Discussed
“and I can't help but think about Annie Duke have you read the thinking in bets book that prad talks about”
Recommended
“I've been reading the book thinking in bets by uh any Duke recently and it's really struck a chord with me”
Recommended
“any Duke really helped me a lot with it in her book thinking in bets”
Recommended
“listen to her on others on other podcasts like Reader Books thinking abouts was just a life-changing book for me”

Also mentioned in the same episodes

Other mentions (3: passing, ad reads, own books)
Passing
“all right everyone this is an episode that is incredibly overdue and it is uh we are going to be speaking with Annie Duke a former world champion professional poker player and the author of the best-selling book thinking in bets”
Own book
“actually i would say that uh how to decide i wrote how to decide because of people who wrote to me um and were asking me about thinking in bets”
Own book
“i wrote how to decide because of people who wrote to me um and were asking me about thinking in bets and through those conversations with them i realized that um people who read thinking in bats were kind of like they were craving something more practical”