Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts by Annie DukeMy rating: 2 of 5 stars
Hooter: Yet another book on cognitive biases and behavioural economics by a former poker champion
There are some wonderful insights shared by Annie who puts on her poker game experiences to capture statistical analysis and behavioural outcomes. "Life is more poker than chess" does make a lot of sense and how the quality of a decision shouldn't be decided by the outcome. Whilst she uses a superbowl example, we could very much relate it in cricketing terms. This leads to resulting.
Also probability of something happening 4% doesn't mean you predicted wrong when it does happen. Long shots do play out.
The second half of the book talks about tips and ways to get to smarter decisions like having decision making groups, especially ones that have diversity. If this is your first time in this topic, the book makes for a good introduction, if you have read this topic before, this book doesn't add any new insights.
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