Poker, Probability, and the Psychology of Good Decisions | Annie Duke
From On the X · 1:39:54
Show by IRONCLAD
In today’s episode of On The X, Chris Irwin sits down with Annie Duke to explore how her career as a professional poker player shaped her expertise in decision making. They discuss the ethics of legalized gambling, Annie’s path from underground poker to advising Wall Street, and her concept of “resulting”, judging decisions by outcomes rather than the information available. Using the infamous Pete Carroll Super Bowl call, they unpack cognitive bias, sunk cost, and why knowing when to quit is an underrated skill. Chapters: (00:00:00) Gambling's rise: from Vegas back rooms to your phone (00:13:17) How Annie got her start in underground poker (00:27:04) From the poker table to Wall Street (00:32:33) The "resulting" problem, featuring Pete Carroll's Super Bowl call (00:50:55) Self-serving bias and tools for better decisions (01:10:28) Knowing when to quit (McRaven, sunk cost, and letting go) (01:26:00) Where to find Annie Duke + closing On the X is present by Luminox Watches https://luminox.com/ -Use code: onthex20 -20% off Luminox watches (excludes outlet items) -Valid only in the US -One use per customer More about The Navy SEAL Foundation: https://www.navysealfoundation.org/ Text ONTHEX to 60104 to sign up to receive updates from the Navy SEAL Foundation (NSF). By participating, you agree to our Mobile Terms and Conditions (60104-info.com) for recurring autodialed donation messages from NSF to the phone number you provide. Text STOP to end. Msg & data rates may apply. On the X is an IRONCLAD Original Instagram: https://www.instagram.com/navysealfoundation/ https://www.instagram.com/thisisironclad Learn more about your ad choices. Visit megaphone.fm/adchoices
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