From Annie Duke's "How to Decide" Why do you need to consult with other people to see things more objectively? “It works to your benefit to assume that you may not know as much as you think you do, that your beliefs may not be as accurate as you think they are, and...
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When should you make decisions slowly and when should you make decisions quickly?
From Annie Duke's "How to Decide" When should you make decisions quickly? When should you make decisions slowly? "The smaller the penalty, the faster you can go. The bigger the penalty, the more time you should take on a decision." "The smaller the impact of a poor...
When you are trying to get other people’s opinion, don’t tell them your opinion.
From Annie Duke's book "How to Decide" When you are trying to get other people's opinion, don't tell them your opinion. "One of the best tools for improving your decision-making is to get other people's perspectives. But you can only do that if you get their actual...
Key takeaways from “How to Decide”
From Annie Duke's book "How to Decide." Key takeaways from "How to Decide" Beware of overconfidence. Be skeptical of yourself. "The tendency toward overconfidence vexes decision-making. In general, we don’t question our own beliefs enough. We have too much confidence...
Think Again by Adam Grant
From Amazon's Description: "Intelligence is usually seen as the ability to think and learn, but in a rapidly changing world, there's another set of cognitive skills that might matter more: the ability to rethink and unlearn. In our daily lives, too many of us favor...
Only the Rich are Poisoned, by Nassim Taleb
From Nassis Taleb's "Skin in the Game" Only the Rich are Poisoned: The Preferences of Others "When people get rich, they shed their skin-in-the-game-driven experiential mechanism. They lose control of their preferences, substituting constructed preferences for their...
The Minority Rule by Nassim Taleb
From Nassim Taleb's "Skin in the Game" "a certain type of intransigent minority—with significant skin in the game (or, better, soul in the game) to reach a minutely small level, say 3 or 4 percent of the total population, for the entire population to have to submit to...
The Intellectual Yet Idiot by Nassim Taleb
From Nassim Taleb's "Skin in the Game" "What we saw worldwide from 2014 to 2018, from India to the U.K. to the U.S., was a rebellion against the inner circle of no-skin-in-the-game policymaking “clerks” and journalists-insiders, that class of paternalistic...
How to Legally Own Another Person by Nassim Taleb
From Nassim Taleb's "Skin in the Game" How to Legally Own Another Person. "In short, every organization wants a certain number of people associated with it to be deprived of a certain share of their freedom. How do you own these people? First, by conditioning and...
Favorite Quotes from Skin in the Game
From Nassim Taleb's "Skin in the Game" "in academia there is no difference between academia and the real world; in the real world, there is." (p. 3) "In case you are giving economic views: Don’t tell me what you “think,” just tell me what’s in your portfolio." (p. 4)...