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Thinking in Bets | Annie Duke | Talks at Google
video · Talks at Google

Thinking in Bets | Annie Duke | Talks at Google

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14 insights saved from this video by @psychology
  1. @psychology profile photo
    @psychology· How We Think

    Apply universalism by mentally separating a claim from its messenger because judging the claim independently reduces source-based distrust and makes you evaluate the evidence on its own merits.

    Apply universalism by mentally separating a claim from its messenger because judging the claim independently reduces source-based distrust and makes you evaluate the evidence on its own merits.
  2. @psychology profile photo
    @psychology· How We Think

    Deconstruct decisions and record predicted outcomes before results because memorializing your decision tree and probability estimates prevents emotional retrofitting and lets you evaluate the decision process objectively.

    Deconstruct decisions and record predicted outcomes before results because memorializing your decision tree and probability estimates prevents emotional retrofitting and lets you evaluate the decision process objectively.
  3. @psychology profile photo
    @psychology· How We Think

    High emotional arousal ('tilt') impairs reasoning because it suppresses frontal-lobe deliberative control, causing impulsive, lower-quality decisions until emotional intensity subsides.

    High emotional arousal ('tilt') impairs reasoning because it suppresses frontal-lobe deliberative control, causing impulsive, lower-quality decisions until emotional intensity subsides.
  4. @psychology profile photo
    @psychology· How We Think

    Even wide probabilistic ranges are useful because quantifying uncertainty (e.g., 20–80%) makes ignorance explicit and motivates information-seeking to narrow and improve predictions.

    Even wide probabilistic ranges are useful because quantifying uncertainty (e.g., 20–80%) makes ignorance explicit and motivates information-seeking to narrow and improve predictions.
  5. @psychology profile photo
    @psychology· How We Think

    Framing beliefs as bets pushes people into probabilistic thinking because putting stakes on a claim forces you to assign probabilities, consider how you might be wrong, and seek information to refine your estimate.

    Framing beliefs as bets pushes people into probabilistic thinking because putting stakes on a claim forces you to assign probabilities, consider how you might be wrong, and seek information to refine your estimate.
  6. @psychology profile photo
    @psychology· How We Think

    Higher cognitive ability can increase motivated reasoning because smarter people can build more sophisticated rationalizations that protect prior beliefs instead of correcting them.

    Higher cognitive ability can increase motivated reasoning because smarter people can build more sophisticated rationalizations that protect prior beliefs instead of correcting them.
  7. @psychology profile photo
    @psychology· How We Think

    Motivated reasoning causes people to defend priors because the drive to preserve existing beliefs makes them notice confirming evidence, expend effort to discredit contradictions, and slack on vetting supportive information.

    Motivated reasoning causes people to defend priors because the drive to preserve existing beliefs makes them notice confirming evidence, expend effort to discredit contradictions, and slack on vetting supportive information.
  8. @psychology profile photo
    @psychology· How We Think

    Not choosing—the status quo—is itself a decision because sticking with it forgoes alternative futures and their payoffs, so treat inaction as a bet and compare expected values before doing nothing.

    Not choosing—the status quo—is itself a decision because sticking with it forgoes alternative futures and their payoffs, so treat inaction as a bet and compare expected values before doing nothing.

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