The tendency to view an event as predictable after it has already occurred. 2. The Poker Mindset vs. The Chess Mindset
GitHub is not just for code; it has become a massive repository for knowledge management, book summaries, and decision-making tools. When searching for repositories related to this book, you will find several highly useful resources: Markdown Summaries and Cheat Sheets
GitHub is a code repository, not a bookstore. So why do people search for ? thinking in bets pdf github
One of the best practices derived from Thinking in Bets is keeping a "Decision Journal." You can find repository templates on GitHub containing markdown or JSON formats for logging: The decision made. The hidden variables at the time. Your confidence level (0-100%). The anticipated outcomes.
| Resource | Format | Cost | |----------|--------|------| | Annie Duke’s TED Talk (2019) | Video | Free | | The Knowledge Project Podcast (Ep. #56) | Audio | Free | | Farnam Street’s “Thinking in Bets” Summary | Article | Free | | Blinkist (15-min audio summary) | App | Freemium | | Coursera – “Decision Making by Annie Duke” | Course | Free audit | The tendency to view an event as predictable
The central idea of "Thinking in Bets" is to adopt a mindset that acknowledges uncertainty and impermanence in decision-making. Duke argues that we often approach decisions with a binary mindset, thinking in terms of "right" or "wrong" outcomes. Instead, she advocates for thinking in probabilities, embracing the uncertainty and ambiguity that come with making choices.
Annie Duke, a former professional poker player who won the World Series of Poker bracelet, applies her table experience to everyday decision-making. The Chess Mindset GitHub is not just for
Understanding the core principles of Thinking in Bets can help you find high-quality summaries on GitHub and apply these mental models to software engineering, business, and everyday life. The Core Problem: Resulting and Hindsight Bias
expected_value = evaluate_bet(probability, payoff, risk_free_rate) print(f"Expected value of the bet: expected_value")
Life, business, and software development are like poker. They involve hidden information and a significant element of luck. You can make the perfect technical choice based on the data available today, only for a third-party API to deprecate tomorrow. Embracing a poker mindset means accepting that uncertainty is a feature, not a bug. 2. "Wanna Bet?" as a Mental Filter
GitHub repositories often host summaries focusing on these four critical pillars of Duke’s strategy: