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Annie Duke - Thinking in Bets

Mastering Strategic Decision-Making and Innovation with Annie Duke Join Annie Duke, World Poker Champion, cognitive psychologist, and author of 'Thinking in Bets' and 'How to Decide.' Annie Duke delves into the art of decision-making under uncertainty, using real-world examples like Seahawks coach Pete Carroll's infamous Superbowl 49 call. Discover how to focus on decision quality over outcomes, avoid biases, leverage a long-term perspective, and incorporate diverse opinions for superior decision-making. Explore practical strategies for creating dissent lines within organizations, cultivating empathy, and rewiring reward systems, along with the transformative potential of AI in complex decision-making contexts. Annie offers actionable advice for fostering a growth mindset, balancing risk with calculated bets for business innovation, and implementing efficient decision-making processes. Tune in to enhance your business strategies and innovative thinking with expert insights from Annie Duke. 00:00 Introduction: Embracing Uncertainty in Decision Making 00:06 The Infamous Super Bowl Call: Was It Really That Bad? 00:49 Thinking in Bets: A New Approach to Decision Making 01:35 Meet Annie Duke: Poker Champion and Cognitive Psychologist 03:25 Annie's Journey: From Academia to Poker 07:56 The Intersection of Poker and Cognitive Science 12:05 Understanding Decision Quality vs. Outcome Quality 35:00 The Pete Carroll Example: Analyzing the Super Bowl Decision 48:45 The Power of Betting and Probability 49:41 Embracing Uncertainty in Decision Making 50:05 Innovation and the Role of Feedback 51:44 Understanding Risk and Reward in Innovation 01:01:31 The Importance of Perspective and Feedback 01:10:17 Future Self and Pre-Commitment Strategies 01:17:14 Building Effective Decision-Making Processes 01:27:31 AI in Poker and Decision Making 01:33:14 Final Thoughts and Resources Find Annie: www.AnnieDuke.com Substack: https://annieduke.substack.com Find Aidan: www.theinnovationshow.io Substack: https://thethursdaythought.substack.com Annie Duke, Thinking in Bets, Pete Carroll, Seahawks, NFL, Super Bowl, Aidan McCullen, cognitive psychology, decision making, uncertainty, poker, quit, innovation, risk assessment, feedback loops, cognitive science, Eric Seidel, Marshawn Lynch, National Science Foundation, decision quality, resulting, precommitment contracts, game theory optimal, executive education, Wharton