Get Your Free Audiobook
-
Thinking in Bets
- Making Smarter Decisions When You Don't Have All the Facts
- Narrated by: Annie Duke
- Length: 6 hrs and 50 mins
Failed to add items
Add to cart failed.
Add to wishlist failed.
Remove from wishlist failed.
Follow podcast failed
Unfollow podcast failed
New to Audible Prime Member exclusive: 2 credits with free trial
Thinking in Bets
Buy Now for ₹879.00
No valid payment method on file.
We are sorry. We are not allowed to sell this product with the selected payment method
Publisher's Summary
Wall Street Journal bestseller!
Poker champion turned business consultant Annie Duke teaches you how to get comfortable with uncertainty and make better decisions as a result.
In Super Bowl XLIX, Seahawks coach Pete Carroll made one of the most controversial calls in football history: With 26 seconds remaining, and trailing by four at the Patriots' one-yard line, he called for a pass instead of a handing off to his star running back. The pass was intercepted, and the Seahawks lost. Critics called it the dumbest play in history. But was the call really that bad? Or did Carroll actually make a great move that was ruined by bad luck?
Even the best decision doesn't yield the best outcome every time. There's always an element of luck that you can't control, and there is always information that is hidden from view. So the key to long-term success (and avoiding worrying yourself to death) is to think in bets: How sure am I? What are the possible ways things could turn out? What decision has the highest odds of success? Did I land in the unlucky 10% on the strategy that works 90% of the time? Or is my success attributable to dumb luck rather than great decision making?
Annie Duke, a former World Series of Poker champion turned business consultant, draws on examples from business, sports, politics, and (of course) poker to share tools anyone can use to embrace uncertainty and make better decisions. For most people, it's difficult to say "I'm not sure" in a world that values, and even rewards, the appearance of certainty. But professional poker players are comfortable with the fact that great decisions don't always lead to great outcomes and bad decisions don't always lead to bad outcomes.
By shifting your thinking from a need for certainty to a goal of accurately assessing what you know and what you don't, you'll be less vulnerable to reactive emotions, knee-jerk biases, and destructive habits in your decision making. You'll become more confident, calm, compassionate, and successful in the long run.
Includes a bonus PDF of charts and graphs.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
People who bought this also bought...
-
Competing Against Luck
- The Story of Innovation and Customer Choice
- Written by: Clayton M. Christensen, Taddy Hall
- Narrated by: John Pruden
- Length: 7 hrs and 25 mins
- Unabridged
-
Overall4.5 out of 5 stars 53
-
Performance4.5 out of 5 stars 43
-
Story4.5 out of 5 stars 42
The foremost authority on innovation and growth presents a path-breaking book every company needs to transform innovation from a game of chance to one in which they develop products and services customers not only want to buy but are willing to pay premium prices for. How do companies know how to grow? How can they create products that they are sure customers want to buy? Can innovation be more than a game of hit and miss? Harvard Business School professor Clayton Christensen has the answer.
-
5 out of 5 stars
-
Changed my perspective
- By Abhijit Gupta on 20-05-23
-
How to Decide
- Simple Tools for Making Better Choices
- Written by: Annie Duke
- Narrated by: Annie Duke
- Length: 6 hrs and 39 mins
- Unabridged
-
Overall4.5 out of 5 stars 40
-
Performance4.5 out of 5 stars 32
-
Story4.5 out of 5 stars 32
What do you do when you're faced with a big decision? If you're like most people, you probably make a pro and con list, spend a lot of time obsessing about decisions that didn't work out, get caught in analysis paralysis, endlessly seek other people's opinions to find just that little bit of extra information that might make you sure, and finally go with your gut.
-
5 out of 5 stars
-
Must read book
- By Mehul on 30-01-21
-
Good Strategy/Bad Strategy
- The Difference and Why It Matters
- Written by: Richard Rumelt
- Narrated by: Sean Runnette
- Length: 11 hrs and 49 mins
- Unabridged
-
Overall4.5 out of 5 stars 86
-
Performance4.5 out of 5 stars 73
-
Story4.5 out of 5 stars 73
Developing and implementing a strategy is the central task of a leader. A good strategy is a specific and coherent response to - and approach for - overcoming the obstacles to progress. A good strategy works by harnessing and applying power where it will have the greatest effect. Yet, Rumelt shows that there has been a growing and unfortunate tendency to equate Mom-and-apple-pie values, fluffy packages of buzzwords, motivational slogans, and financial goals with “strategy”.
-
4 out of 5 stars
-
Too boring stories, I just liked to first part and the last ones
- By Aakash on 01-11-24
-
The Great Mental Models
- General Thinking Concepts
- Written by: Shane Parrish
- Narrated by: Shane Parrish
- Length: 3 hrs and 23 mins
- Unabridged
-
Overall4.5 out of 5 stars 428
-
Performance4.5 out of 5 stars 353
-
Story4.5 out of 5 stars 347
The Great Mental Models: General Thinking Concepts is the first book in The Great Mental Models series designed to upgrade your thinking with the best, most useful and powerful tools so you always have the right one on hand. This volume details nine of the most versatile all-purpose mental models you can use right away to improve your decision making, your productivity, and how clearly you see the world.
-
3 out of 5 stars
-
a good summary of other books
- By RM on 27-05-19
-
Misbehaving
- The Making of Behavioral Economics
- Written by: Richard H. Thaler
- Narrated by: L. J. Ganser
- Length: 13 hrs and 35 mins
- Unabridged
-
Overall4.5 out of 5 stars 64
-
Performance5 out of 5 stars 51
-
Story4.5 out of 5 stars 51
Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans - predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth - and change the way we think about economics, ourselves, and our world.
-
5 out of 5 stars
-
Excellent Biographical account by Thaler
- By Sandeep Bhasin on 17-05-19
-
Poor Charlie’s Almanack
- The Essential Wit and Wisdom of Charles T. Munger
- Written by: Charles T. Munger
- Narrated by: Grover Gardener
- Length: 13 hrs and 9 mins
- Unabridged
-
Overall5 out of 5 stars 80
-
Performance4.5 out of 5 stars 69
-
Story4.5 out of 5 stars 69
"Spend each day trying to be a little wiser than you were when you woke up," Charles T. Munger advises in Poor Charlie’s Almanack. Originally published in 2005, this compendium of 11 talks, delivered by the legendary Berkshire Hathaway vice-chairman between 1986 and 2007, has become a touchstone for a generation of investors and entrepreneurs seeking to absorb the enduring wit and wisdom of one of the great minds of the 20th and 21st centuries.
-
5 out of 5 stars
-
Great book.
- By Neeraj on 10-02-24
-
Competing Against Luck
- The Story of Innovation and Customer Choice
- Written by: Clayton M. Christensen, Taddy Hall
- Narrated by: John Pruden
- Length: 7 hrs and 25 mins
- Unabridged
-
Overall4.5 out of 5 stars 53
-
Performance4.5 out of 5 stars 43
-
Story4.5 out of 5 stars 42
The foremost authority on innovation and growth presents a path-breaking book every company needs to transform innovation from a game of chance to one in which they develop products and services customers not only want to buy but are willing to pay premium prices for. How do companies know how to grow? How can they create products that they are sure customers want to buy? Can innovation be more than a game of hit and miss? Harvard Business School professor Clayton Christensen has the answer.
-
5 out of 5 stars
-
Changed my perspective
- By Abhijit Gupta on 20-05-23
-
How to Decide
- Simple Tools for Making Better Choices
- Written by: Annie Duke
- Narrated by: Annie Duke
- Length: 6 hrs and 39 mins
- Unabridged
-
Overall4.5 out of 5 stars 40
-
Performance4.5 out of 5 stars 32
-
Story4.5 out of 5 stars 32
What do you do when you're faced with a big decision? If you're like most people, you probably make a pro and con list, spend a lot of time obsessing about decisions that didn't work out, get caught in analysis paralysis, endlessly seek other people's opinions to find just that little bit of extra information that might make you sure, and finally go with your gut.
-
5 out of 5 stars
-
Must read book
- By Mehul on 30-01-21
-
Good Strategy/Bad Strategy
- The Difference and Why It Matters
- Written by: Richard Rumelt
- Narrated by: Sean Runnette
- Length: 11 hrs and 49 mins
- Unabridged
-
Overall4.5 out of 5 stars 86
-
Performance4.5 out of 5 stars 73
-
Story4.5 out of 5 stars 73
Developing and implementing a strategy is the central task of a leader. A good strategy is a specific and coherent response to - and approach for - overcoming the obstacles to progress. A good strategy works by harnessing and applying power where it will have the greatest effect. Yet, Rumelt shows that there has been a growing and unfortunate tendency to equate Mom-and-apple-pie values, fluffy packages of buzzwords, motivational slogans, and financial goals with “strategy”.
-
4 out of 5 stars
-
Too boring stories, I just liked to first part and the last ones
- By Aakash on 01-11-24
-
The Great Mental Models
- General Thinking Concepts
- Written by: Shane Parrish
- Narrated by: Shane Parrish
- Length: 3 hrs and 23 mins
- Unabridged
-
Overall4.5 out of 5 stars 428
-
Performance4.5 out of 5 stars 353
-
Story4.5 out of 5 stars 347
The Great Mental Models: General Thinking Concepts is the first book in The Great Mental Models series designed to upgrade your thinking with the best, most useful and powerful tools so you always have the right one on hand. This volume details nine of the most versatile all-purpose mental models you can use right away to improve your decision making, your productivity, and how clearly you see the world.
-
3 out of 5 stars
-
a good summary of other books
- By RM on 27-05-19
-
Misbehaving
- The Making of Behavioral Economics
- Written by: Richard H. Thaler
- Narrated by: L. J. Ganser
- Length: 13 hrs and 35 mins
- Unabridged
-
Overall4.5 out of 5 stars 64
-
Performance5 out of 5 stars 51
-
Story4.5 out of 5 stars 51
Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans - predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth - and change the way we think about economics, ourselves, and our world.
-
5 out of 5 stars
-
Excellent Biographical account by Thaler
- By Sandeep Bhasin on 17-05-19
-
Poor Charlie’s Almanack
- The Essential Wit and Wisdom of Charles T. Munger
- Written by: Charles T. Munger
- Narrated by: Grover Gardener
- Length: 13 hrs and 9 mins
- Unabridged
-
Overall5 out of 5 stars 80
-
Performance4.5 out of 5 stars 69
-
Story4.5 out of 5 stars 69
"Spend each day trying to be a little wiser than you were when you woke up," Charles T. Munger advises in Poor Charlie’s Almanack. Originally published in 2005, this compendium of 11 talks, delivered by the legendary Berkshire Hathaway vice-chairman between 1986 and 2007, has become a touchstone for a generation of investors and entrepreneurs seeking to absorb the enduring wit and wisdom of one of the great minds of the 20th and 21st centuries.
-
5 out of 5 stars
-
Great book.
- By Neeraj on 10-02-24
Critic Reviews
"A big favorite among investors these days."–The New York Times
"A compact guide to probabilistic domains like poker, or venture capital... Recommend for people operating in the real world."–Marc Andreessen
"Duke’s discussion is full of wisdom and also of fun, warmth, humor and humanity. Her sharp, data-driven analysis comes with a large lesson, which is that losers should be willing to forgive themselves: Sometimes the right play just doesn’t work."–Cass Sunstein, co-author of Nudge
What listeners say about Thinking in Bets
Average Customer RatingsReviews - Please select the tabs below to change the source of reviews.
-
Overall5 out of 5 stars
- Anonymous User
- 30-11-18
A decision makers guide book in uncertainty
Very lucid, clear and enjoyable book on uncertainty and how to become better decision maker.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
1 person found this helpful
-
Overall3 out of 5 stars
- Amazon Customer
- 12-12-20
A bit underwhelming
This book is mostly about probabilistic thinking and different biases. If you don't read that much and you are looking for a good self help book, this would suit that need, but if you are an experienced reader then you might find this a little underwhelming. There are no new deep concepts in this book. It's mostly regurgitated from other self help books. Also few things she mentioned like "getting letterman'ed" (a phrase she coined after giving an example of an interaction David Letterman had with one of his guests Lauren Conrad) was a bit cringe worthy.
Overall covers some good concepts and would be a good read, if you have not read books like Power of Habit or Thinking fast and Slow and few other.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall4 out of 5 stars
-
Performance4 out of 5 stars
-
Story4 out of 5 stars
- vishal jaiswal
- 21-04-20
good book
good book, might help you in making good decisions with out making biases and demarcate specific objects in your thinking and decision making process followed by the outcome overview.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall3 out of 5 stars
-
Performance4 out of 5 stars
-
Story3 out of 5 stars
- Manas Saran
- 14-11-21
Good approach with little strategy
The fundamental idea of the book is understood in the first couple of chapters. The chapters in the middle include a lot of repetition, to the point of being boring. Finally the last 3-4 chapters give you some usable ideas.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall5 out of 5 stars
-
Performance5 out of 5 stars
-
Story5 out of 5 stars
- SACHIN SINGH
- 16-06-22
Life changing book
This book is life changing and performance by Annie was phenomenal. It’s an experience everyone must go through. There’s a lot to learn and it’ll make life easier
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall5 out of 5 stars
-
Performance5 out of 5 stars
-
Story5 out of 5 stars
- Vinayak Kamath
- 02-08-20
This is an education
Hoping to hear this yet and to develop a toolkit to put these lessons into action. While listening to the book, I could immediately think of two professional situations where I could do much more. Come Monday morning, I’m going to implement those. Thank you Annie Duke.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall5 out of 5 stars
-
Performance5 out of 5 stars
-
Story5 out of 5 stars
- Anuraj pandey
- 23-08-23
excelle book
must relisten
hardcopy
decision making
must relisten
hardcopy
decision making
thinking process
stock market
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall2 out of 5 stars
-
Performance1 out of 5 stars
-
Story4 out of 5 stars
- Hemanth
- 19-12-20
I expected much more.
2 or 3 concepts repeated again and again. I was expecting more. I felt the content is repeated again and again.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!