The Power of Knowing When to Quit with Former Poker Player Annie Duke • 273
We will learn: How the paradox of quitting influences decision-making: If you quit on time, you will feel you quit early What forces work against good quitting behavior, such as escalation commitment, desire for certainty, and status quo bias How to think in expected value in order to make better decisions, as well as other best practices, such as increasing flexibility in goal-setting, establishing “quitting contracts,” anticipating optionality, and conducting premortems and backcasts What if I told you that quitting is actually integral to your success? There’s a difference between quitting and giving up. Quitting is strategic. It’s knowing when to walk away from something that isn’t working. It’s knowing when to move on to something better. That’s what we’re talking about today. Our guest is Annie Duke. For two decades, Annie was one of the top poker players in the world. Her expertise in the science of smart decision-making has helped her excel in everything from championship poker to public speaking. She’s also a master storyteller, having performed three times for the Moth, an organization that preserves the art of spoken word storytelling. She will share with us what she’s learned through her academic studies in cognitive psychology combined with real-life decision-making experiences at the poker table. Links from the episode: Show Notes: https://mindlove.com/273 Sign up for The Morning Mind Love for short daily notes from your highest self. Get Mind Love Premium for exclusive ad-free episodes and monthly meditations. Support Mind Love Sponsors Learn more about your ad choices. Visit megaphone.fm/adchoices