Annie Duke on Poker, Probabilities, and How We Make Decisions - Deepstash

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Annie Duke on Poker, Probabilities, and How We Make Decisions

Annie Duke on Poker, Probabilities, and How We Make Decisions

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  • If you’re in savannah and you hear rustling in the grass, you don’t want to spend time thinking about the probability that it’s a lion.
  • When making bets with friends, it’s probably best to not make any bets that can be interpreted as negative, such as betting your friend’s kid won’...

People will hedge against disaster with fire insurance but are less likely to hedge against their marriage with a prenup (only about 5% of married couples have a prenup).

We have this idea that if we do hedge against something, somehow if the bad thing happens, we caused it. And this is pa...

Lessons From Poker

It’s hard to be happy playing poker because the losses hurt much more than the happiness you gain from winning. Instead, focus on the process.

There’s this huge asymmetry between how sad people are when they lose versus how happy they are when they win. It’s one of those things that, unless...

ANNIE DUKE

I do think that one of the things that poker teaches you is that you shouldn’t assume that just because people are really skillful in one domain that that’s going to transfer. Because I think that that ability can be very, very domain-specific.

Traits of Top Poker Players

The top 500 poker players tend to be brilliant in game theory and in making real-time, high-stakes decisions.

Just because you’re smart doesn’t mean that you can become a great player. you have to be smart in a very particular way.

You need to be curious about being wrong and stay op...

ANNIE DUKE

In order to really succeed at the top levels of the game, you have to be so open-minded. You have to be so willing to ponder on a daily basis the idea that you might be wrong, the idea that the things that you think to be true or what you think about an opponent — that...

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