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Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts While direct PDF downloads of the full copyrighted
In chess, there is no hidden information. If you lose, it’s because you were outplayed. But in poker—and in life—you can make the perfect move and still lose because of a "bad beat" or a lucky card for your opponent. By viewing every decision as a bet, you acknowledge that: You are operating with limited information. There is always an element of luck involved. But in poker—and in life—you can make the
Overview
Former professional poker player Annie Duke argues that life is like poker, not chess. In chess, outcomes are almost entirely determined by skill; in poker (and life), luck and skill are intertwined. The core problem: we tend to evaluate decisions solely by their outcomes ("resulting"), ignoring the role of luck.
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