Learn from both wins and losses from "summary" of Thinking in Bets by Annie Duke
When we experience a win or a loss, our natural tendency is to attribute the outcome to our skill or lack thereof. We tend to believe that we are solely responsible for the outcome, whether positive or negative. This way of thinking can be detrimental because it prevents us from learning from our experiences. Instead of reflecting on our decisions and considering what we could have done differently, we simply attribute the outcome to our abilities or lack thereof and move on.
To improve our decision-making abilities, we must shift our mindset and view wins and losses as opportunities for learning. When we win, we should not simply pat ourselves on the back and move on. Instead, we shoul...
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