Thinking in Bets
The analogy throughout the book is poker, which is a combination of skill and luck. It’s an example of the key bias humans have – to associate winning with good skill, and losses to bad luck. Learning from decisions means separating out the luck and the skill, and focusing on improving skill without being as swayed by outcome. E.g. looking for mistakes made in a winning hand.
Published 24 July 2022, with 69 words.