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Separate your decisions from luck and skill from "summary" of Thinking in Bets by Annie Duke
When we make decisions, we often fail to acknowledge the role that luck and skill play in the outcomes. It's easy to attribute success solely to our own skill and failure solely to bad luck. This can result in a distorted view of our decision-making abilities. In reality, luck and skill are intertwined in every decision we make. Separating luck from skill requires a deep understanding of the factors that influence outcomes. We must recognize that luck is a significant component of any decision, and that skill alone cannot guarantee success. By acknowledging the role of luck, we can avoid the trap of overconfidence and make more accurate assessments of our decisio...
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