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Thinking in Bets
by Annie Duke
Synopsis
In Thinking in Bets, author Annie Duke argues that many decisions are not certainties but rather bets with uncertain outcomes, and advocates for separating the quality of a decision from its result. She introduces concepts like resulting and probabilistic thinking to help readers evaluate decisions more effectively, emphasizing the importance of embracing uncertainty and learning from both successes and failures. The book provides a framework for improving decision-making by acknowledging the role of luck and focusing on the process rather than just the immediate outcome.