Podcast Notes Key Takeaways

• We cannot assess decision quality objectively
  • What we can assess is the outcome of that decision
  • The problem is that we tend to confuse a good outcome with a good decision and vice versa
• Dealing with The Hindsight Bias
  • Create a knowledge tracker asking yourself:
    • What information did I know, or was knowable, beforehand?
      • Could I have know other relevant information at a reasonable cost?
    • What decision did I make?
    • What things were revealed afterward?
    • What was the outcome?
    • What other outcomes could have happened and what were their probabilities?
  • It’s way better to start tracking all this information as part of the decision-making process
• Increased uncertainty from COVID-19, requires us to document our decision-making processes even more accurately that we normally would
• When we have a thesis, we should ask ourselves how we could find out if our thesis is wrong
  • “If that’s not the way you are thinking you will not be successful, except by accident” – Annie Duke

Read the full notes @ podcastnotes.org

In this episode of Infinite Loops we spoke with Annie Duke, former professional poker player, decision-making expert, and best-selling author. Her latest book is How to Decide: Simple Tools for Making Better Choices, which was released this week. In this conversation, we cover:

• COVID-19 and decision-making
• Resulting and the 2016 election
• What drove Annie to write her new book
• Writing as a powerful tool for testing your knowledge
• And MUCH more.

Follow Annie on Twitter at https://twitter.com/AnnieDuke , and find her new book here https://www.amazon.com/gp/product/0593418484?tag=randohouseinc13176-20.