oter
Audio available in app

Balance confidence and humility in decisionmaking from "summary" of Thinking in Bets by Annie Duke

When we make decisions, we should strive to strike a delicate balance between confidence and humility. Confidence is essential because we need to trust our judgment and have faith in our abilities to make the right choices. However, too much confidence can blind us to potential risks and lead to overconfidence bias, where we believe we know more than we actually do. This can be dangerous as it can cause us to overlook important information and make poor decisions. On the other hand, humility is equally important in decision-making. It allows us to acknowledge our limitations and consider the possibility that we might be wrong. Humility allows us to be open to new information, feedback, and perspectives that can help us make better decisions. Without humility, we are more likely to fall victim to confirmation bias, where we seek out info...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    Encouraging reflection on learning strategies
    Encouraging reflection on learning strategies
    Encouraging reflection on learning strategies involves prompting students to think about how they approach their learning. By c...
    A successful outcome does not always indicate skill or talent
    A successful outcome does not always indicate skill or talent
    It is a common fallacy to assume that those who achieve success must possess a high degree of skill or talent. In reality, succ...
    Learn to detach emotionally from your trades
    Learn to detach emotionally from your trades
    One of the key principles that successful traders understand is the importance of detaching emotionally from their trades. This...
    Remain focused and determined in the face of challenges
    Remain focused and determined in the face of challenges
    When faced with challenges, it is essential to maintain unwavering focus and determination. This mindset is crucial for achievi...
    Evaluate a company's growth prospects and market share
    Evaluate a company's growth prospects and market share
    When analyzing a company's growth prospects and market share, it is important to first consider the industry in which the compa...
    Solitude can be beneficial
    Solitude can be beneficial
    In the solitude of his study, a man may find the opportunity to engage in introspection and self-reflection. It is in these mom...
    Power dynamics shape every aspect of human relationships
    Power dynamics shape every aspect of human relationships
    Power dynamics are like an invisible force that permeates every human interaction, influencing the way people relate to one ano...
    The perception of value is subjective
    The perception of value is subjective
    Value is a curious thing. It is not an inherent quality but rather a perception that resides in the minds of individuals. What ...
    We are susceptible to the influence of priming
    We are susceptible to the influence of priming
    Priming is a powerful force that can shape our thoughts and behaviors without us even realizing it. This concept suggests that ...
    People seek out information that confirms their beliefs
    People seek out information that confirms their beliefs
    The concept of seeking out information that confirms one's existing beliefs is a common tendency among individuals. When people...
    oter

    Thinking in Bets

    Annie Duke

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.