160. How to Decide
Manage episode 447841729 series 3248307
In this episode of the Pursuit of Property podcast, our hosts Cade and Scott discuss key insights from Annie Duke’s book, How to Decide, emphasizing the importance of focusing on the decision-making process rather than just outcomes. They highlight concepts such as resulting bias, which underscores that bad outcomes do not always reflect poor decisions; memory creep, which points out how misremembering past decisions can lead to faulty future choices; and the role of luck, stressing that even well-made decisions can yield unfavorable results. They introduce the idea of the decision multiverse, illustrating that different choices lead to various outcomes, and outline the three P’s of decision making—preference, payoffs, and probabilities—as essential components for informed choices. Join us for an interesting talk about these important ideas!
Buy “How to Decide: Simple Tools for Making Better Choices” by Annie Duke here https://a.co/d/8dxmeBm
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