Annie Duke on Why Life is Like Poker, Anatomy of Decision Making, and the Power of Quitting

I talk to Annie Duke, author, corporate speaker, and consultant in the decision-making space. For two decades, Annie was one of the top poker players in the world. In 2004, she bested a field of 234 players to win her first World Series of Poker bracelet. The same year, she triumphed in the $2 million winner-take-all, invitation-only World Series of Poker Tournament of Champions. She retired from the game in 2012. Annie is author of multiple wonderful books, including Thinking in Bets, How We Decide, and her latest being Quit: The Power of Knowing When to Walk Away.
In this episode, Annie talks about why life is like poker and not chess, how to make sound decisions, the power of quitting, and much more.
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0:54 Introduction
2:12 Annie’s journey of becoming the world poker champion
5:33 Experience in being lone woman in the male-dominated world of poker
13:11 Why life is like poker, not chess
20:18 Anatomy of decision making - how to make sound decisions
32:42 How to separate signal from noise
51:28 Why is quitting hard and how can one learn to do it well
1:02:14 Art and science of quitting
1:12:08 Annie’s most memorable act of quitting
1:17:06 Idea of parenting and key lessons passed on to kids
1:23:32 Best and worst advice ever received
1:24:27 Annie’s favourite books on decision making
1:25:53 Annie’s definition of a life well lived
Annie's Favourite Books on Decision Making -
Success Equation by Michael Mauboussin - amzn.to/3XajDav
Superforecasting by Philip Tetlock - amzn.to/3ArDM22
Range: How Generalists Triumph in a Specialized World by David Epstein - amzn.to/3UMEMWJ
Perfectly Confident by Don Moore - amzn.to/3hRDtXY
How to Change by Katy Milkman - amzn.to/3UOZXqW
Thinking, Fast and Slow by Daniel Kahneman - amzn.to/3V22jCy
Noise by Daniel Kahneman - amzn.to/3gjIckM
To Kill a Mockingbird by Harper Lee - amzn.to/3TJ5G09
Annie’s Authored Books -
Quit: The Power of Knowing When to Walk Away - amzn.to/3Au5Od9
How to Decide: Simple Tools for Making Better Choices - amzn.to/3Oh6mc4
Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts - amzn.to/3USr8kL

[@gs8942]

Isn't it more common sense, which we have been doing now and then throughout our life journey... I still miss what new revelation and research she brings out to better decision making process. We jump to short cuts like thumb rules or back of the envelope calculations to save time and make it quick out of laziness or time pressure.
Though i still thank her of emphasizing the usual stuff, which we often forget in chaos and Vishal for bringing it to us.

[@faldiabate4216]

Great conversation and one of the best interviews of Annie Duke . Thanks Vishal.

[@anurajpandey9898]

Excellent conversation !!!
This is the show where I enjoy the questions more than the answers.. Thanks for helping us @VishalKhandelwal sir!

[@market_learner27]

cant agree more

[@rafikmusani2887]

Vishal I have enjoyed all your one percent show till date. Your are doing great job. I wish one day you take my interview in one % show. My life is success story Nad may inspired many

[@X22X00X]

This was great!

[@deepak2012able]

Thanks you