Top 60 Annie Duke Quotes (2024 Update)
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Annie Duke Quote: “Experience is supposed to be our best teacher, but sometimes we draw a connection between outcome quality and decision quality that is too tight.”

51. “Experience is supposed to be our best teacher, but sometimes we draw a connection between outcome quality and decision quality that is too tight.”

Annie Duke Quote: “If you’re like most people, you were pretty surprised by these results. Most of us aren’t aware of the wide range of what these words mean to different people. We assume that when we use a term, other people use it in the same way we do and mean the same thing we do.”

52. “If you’re like most people, you were pretty surprised by these results. Most of us aren’t aware of the wide range of what these words mean to different people. We assume that when we use a term, other people use it in the same way we do and mean the same thing we do.”

Annie Duke Quote: “The decision you make determines which set of outcomes are possible and how likely each of those outcomes is. But it doesn’t determine which of that set of outcomes will actually happen.”

53. “The decision you make determines which set of outcomes are possible and how likely each of those outcomes is. But it doesn’t determine which of that set of outcomes will actually happen.”

Annie Duke Quote: “In fact, losing feels about two times as bad to us as winning feels good to us.”

54. “In fact, losing feels about two times as bad to us as winning feels good to us.”

Annie Duke Quote: “Andrew Mauboussin and Michael Mauboussin came up with this pretty comprehensive list of these types of terms for a survey they conducted: Almost always More often than not Serious possibility Almost certainly Never Slam dunk Always Not often Unlikely Certainly Often Usually Frequently Possibly With high probability Likely Probably With low probability Maybe Rarely With moderate probability Might happen Real possibility.”

55. “Andrew Mauboussin and Michael Mauboussin came up with this pretty comprehensive list of these types of terms for a survey they conducted: Almost always More often than not Serious possibility Almost certainly Never Slam dunk Always Not often Unlikely Certainly Often Usually Frequently Possibly With high probability Likely Probably With low probability Maybe Rarely With moderate probability Might happen Real possibility.”

Annie Duke Quote: “Optimism makes you less likely to walk away while not actually increasing your chances of success. That means that being overly optimistic will make you stick to things longer that aren’t worthwhile. Better to be well calibrated. Life’s too short to spend your time on opportunities that are no longer worthwhile.”

56. “Optimism makes you less likely to walk away while not actually increasing your chances of success. That means that being overly optimistic will make you stick to things longer that aren’t worthwhile. Better to be well calibrated. Life’s too short to spend your time on opportunities that are no longer worthwhile.”

Annie Duke Quote: “We process outcomes sequentially, treating each outcome as if it stands alone. We don’t sit back and wait to update our beliefs until we have enough data to overcome the uncertain relationship between outcomes and decisions.”

57. “We process outcomes sequentially, treating each outcome as if it stands alone. We don’t sit back and wait to update our beliefs until we have enough data to overcome the uncertain relationship between outcomes and decisions.”

Annie Duke Quote: “The quality of the outcome casts a shadow over our ability to see the quality of the decision.”

58. “The quality of the outcome casts a shadow over our ability to see the quality of the decision.”

Annie Duke Quote: “To figure out whether a decision is good or bad, you need to know not just the things that might reasonably happen and what could be gained or lost, but also the likelihood of each possibility unfolding. That means, to become a better decision-maker, you need to be willing to estimate those probabilities.”

59. “To figure out whether a decision is good or bad, you need to know not just the things that might reasonably happen and what could be gained or lost, but also the likelihood of each possibility unfolding. That means, to become a better decision-maker, you need to be willing to estimate those probabilities.”

Annie Duke Quote: “Left to our own devices, we will notice some of the bad luck but overlook most of the dumb luck.”

60. “Left to our own devices, we will notice some of the bad luck but overlook most of the dumb luck.”

Annie Duke Quote: “When people result, they look at whether the result was good or bad to figure out if the decision was good or bad.”

61. “When people result, they look at whether the result was good or bad to figure out if the decision was good or bad.”

Annie Duke Quote: “Some of these terms had startlingly wide ranges, which I imagine you experienced in your four-person survey. For instance, “real possibility” had a range of about 20% to 80%. A quarter of the people taking the survey thought the term meant 40% of the time or less. A quarter thought it meant 40% to 60%. A quarter thought it meant 60% to 75%. Finally, a quarter thought it meant over 75% of the time.”

62. “Some of these terms had startlingly wide ranges, which I imagine you experienced in your four-person survey. For instance, “real possibility” had a range of about 20% to 80%. A quarter of the people taking the survey thought the term meant 40% of the time or less. A quarter thought it meant 40% to 60%. A quarter thought it meant 60% to 75%. Finally, a quarter thought it meant over 75% of the time.”

Annie Duke Quote: “We are all trying to defend ourselves against how we imagine other people are going to judge us.”

63. “We are all trying to defend ourselves against how we imagine other people are going to judge us.”

Annie Duke Quote: “We want outcome quality to align with decision quality.”

64. “We want outcome quality to align with decision quality.”

Annie Duke Quote: “There are many reasons why wrapping our arms around uncertainty and giving it a big hug will help us become better decision-makers. Here are two of them. First, “I’m not sure” is simply a more accurate representation of the world. Second, and related, when we accept that we can’t be sure, we are less likely to fall into the trap of black-and-white thinking.”

65. “There are many reasons why wrapping our arms around uncertainty and giving it a big hug will help us become better decision-makers. Here are two of them. First, “I’m not sure” is simply a more accurate representation of the world. Second, and related, when we accept that we can’t be sure, we are less likely to fall into the trap of black-and-white thinking.”

Annie Duke Quote: “A necessary part of becoming a better decision-maker is learning from experience. Experience contains the lessons for improving future decisions. Resulting causes you to learn the wrong lessons.”

66. “A necessary part of becoming a better decision-maker is learning from experience. Experience contains the lessons for improving future decisions. Resulting causes you to learn the wrong lessons.”

Annie Duke Quote: “The actual outcome casts a shadow over your ability to remember what you knew at the time of the decision.”

67. “The actual outcome casts a shadow over your ability to remember what you knew at the time of the decision.”

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