From Amazon's Summary: Netflix cofounder Reed Hastings reveals for the first time the unorthodox culture behind one of the world's most innovative, imaginative, and successful companies There has never before been a company like Netflix. It has led nothing short of a...
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Favorite quotes from “No Rules Rules”
From Reed Hasting's book "No Rules Rules" "My head started to spin. I was young and unpolished and after she stopped, I said: “Is that how all HR people speak? I couldn’t understand a word. If we are going to work together you are going to have to stop talking like...
The power of negative thinking.
From Annie Duke's "How to Decide" The power of negative thinking. "Negative thinking helps you identify things that might get in your way so you can identify ways to reach your destination more efficiently." (p. 212) "Gabriele Oettingen, a professor of psychology at...
How can you prevent outcome bias or resulting?
From Annie Duke's "How to Decide" How can you prevent outcome bias or resulting? First of all what is outcome bias or resulting? Outcome bias/Resulting- "a mental shortcut in which we use the quality of an outcome to figure out the quality of a decision." (p. 3) "When...
Why do you need to use the “outside view” or base rates to make decisions?
From Annie Duke's "How to Decide" Why do you need to use the "outside view" or base rates to make decisions? First of all, what is the "outside view"? The outside view- "What is true of the world, independent of your own perspective. The way that others would view the...
How to Decide by Annie Duke
Here is a description from Amazon: "What do you do when you're faced with a big decision? If you're like most people, you probably make a pro and con list, spend a lot of time obsessing about decisions that didn't work out, get caught in analysis paralysis, endlessly...
Why is it important to use probabilities in decision making?
From Annie Duke's book "How to Decide" Why is it important to use probabilities in decision making? "Adding probability estimates to the decision tree will significantly improve the quality of your decisions versus simply identifying the possibilities and your...
Thinking in Bets by Annie Duke
From Amazon's description: "Poker champion turned business consultant Annie Duke teaches you how to get comfortable with uncertainty and make better decisions as a result. In Super Bowl XLIX, Seahawks coach Pete Carroll made one of the most controversial calls in...
If you want to see reality better, you must form a truthseeking group.
From Annie Duke "Thinking in Bets" If you want to see reality better, you must form a truthseeking group. "A good decision group is a grown-up version of the buddy system. To be sure, even with help, none of us will ever be able to perfectly overcome our natural...
To make better decisions, make a bet or pretend you are making a bet.
From Annie Duke's book "Thinking in Bets" To make better decisions, make a bet or pretend you are making a bet. "“Wanna bet?” triggers us to engage in that third step that we only sometimes get to. Being asked if we are willing to bet money on it makes it much more...