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Harness the power of small bets for learning from "summary" of Thinking in Bets by Annie Duke
When we think about making decisions, we often focus on the outcome. Did we win or lose? Did we make the right choice or the wrong one? But what if we shifted our perspective and started viewing decisions as opportunities to learn instead of pass or fail moments? This is where the concept of harnessing the power of small bets for learning comes in. By making small bets instead of big ones, we can gather valuable information that can help us make better decisions in the future. When we take small risks, we are able to test out our assumptions and see what works and what doesn't. These small bets allow us to gather data and feedback that can inform our decision-making process going forward. Think of it as conducting a series of experiments where each small bet serves as a data point. With each bet, w...
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