How to Make Better Decisions (ft. Annie Duke)
The best businesses aren’t built in boardrooms. They’re built by people who just started. Free trial at https://www.shopify.com/solvedYou made the smart call. You thought it through. And it still blew up in your face. So was it a bad decision, or bad luck? Most people can't tell the difference, and it wrecks their thinking. Poker champion Annie Duke won millions on that exact distinction. She joins me to explain why every choice is a bet, why a good outcome and a good decision are not the same thing, and the trap that keeps smart people stuck in jobs and relationships they hate.
This is chapter 4 of our episode on Luck. New chapters drop every week, but the full episode is available NOW on Spotify:
- Watch the full episode: https://mrk.mn/lucky
- More chapters from this episode: https://mrk.mn/luckchapters
- Get your free episode guide: https://solvedpodcast.com/luck/
CHAPTERS
00:00:00 Meet Annie Duke: Poker Champion Turned Decision Scientist
00:00:44 Napoleon's Question: How Lucky Are You?
00:01:37 The Three Types of Luck: Introducing Sansai
00:02:44 Heaven Luck: The Birth Lottery You Can't Control
00:03:46 Earth Luck Is Actually About Decision Quality
00:05:09 Macro Decisions That Shape Thousands of Micro Decisions
00:07:03 Why Every Decision Is Actually a Bet
00:08:37 The Marriage Bet: Choosing Under Uncertainty
00:09:38 The Two Sources of Uncertainty: Ignorance and Luck
00:10:30 No Decision Is Ever 100 Percent or 0 Percent
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