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.

Continue reading “Why you’re so poor at managing Risk”

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?

Continue reading “Inside View vs. Outside View”

I Smell a Rat! The Prisoner’s Dilemma

Did you know the original Universities were designed as Prisons to keep unruly young men caged up while their hormones drove risky behavior that threatened the local social harmony?

Rather than allow young people to take risks that help them to grow and experience life, we continue to indoctrinate them with social rules to help keep the order.

The risks available to busy students are far less violent than what may be the alternatives.

I don’t remember everything from University. There certainly weren’t a lot of dangerous risks in the small town where I studied.

Dorm life was a party — and we could smoke indoors! A “career” after graduation seemed a lifetime away. Econ 101 taught me the benefits of Free Trade.

I hated this class! Photo "Amherst63-012" by NealeA, Flickr, CC-By-2.0
I loved this class! Photo “Amherst63-012” by NealeA, Flickr, CC-By-2.0

And while I learned a lot I’m sure, there is plenty that I didn’t learn.

Maybe you, too?

•We didn’t learn how to start a business in university — the mindset of an entrepreneur.

•We didn’t learn how to create and maintain a budget — the mindset of habit.

•We didn’t learn to negotiate — the mindset of persuasion.

This is the reason I’ve started PersuasionReadingList.com — to learn what I should know to understand what moves the human mind, and to share these concepts of influence with you. Continue reading “I Smell a Rat! The Prisoner’s Dilemma”