Why you’re so poor at managing Risk

I’m reading through professional poker player Annie Duke’s upcoming book, How to Decide.

(Duke is scheduled for an upcoming Persuasion Play Podcast interview; subscribe to my email list for details.)

The majority of Duke’s new book revolves around managing risk and communicating our understanding of risk with others, and working to expand our understanding of a situation and the variables involved so that we have a better chance at a desired outcome.

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Inside View vs. Outside View

Most problems are not unique. Chances are, what is happening to you has happened to many others. It will happen again to others.

What's the outside view? Photo "001102" by my new favorite photographer Alexey Gaponov, Flickr, CC-By-2.0
What’s the outside view? Photo “001102” by my new favorite photographer Alexey Gaponov, Flickr, CC-By-2.0

  • New restaurants often fail within five years
  • New love often is blind to incompatibilities
  • ‘Good enough’ mentality often overlooks opportunities

What can you learn from those who have traveled this path before you?

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