HomeUploadUpload DirectHotlinkRandomAbouttheme toggle
Expand

Poker Champion Annie Duke on Making Smart Bets in Life, Politics, and Football

Views:955
@ReasonVids

Poker Champion Annie Duke, who retired in 2012 after making over $4 million in tournament winnings, discusses her new book "Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts."

----------------
Subscribe to our YouTube channel: http://youtube.com/reasontv
Like us on Facebook: https://www.facebook.com/Reason.Magazine/
Follow us on Twitter: https://twitter.com/reason
Subscribe to our podcast at iTunes: https://goo.gl/az3a7a

Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines.

----------------
"Life is poker, not chess," says Annie Duke, a former professional poker player and the author of a new book, "Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts." Chess is a game of skill with "very little luck involved," while in poker good decisions and good outcomes often don't go together.

Duke cites Seattle Seahawks Coach Pete Carroll's decision in the 2015 Super Bowl to call for a pass play that was intercepted. Since the interception rate in situation like this is about one or two percent, it was a good decision that didn't work out. In football, like life, humans are prone to draw the wrong conclusions from situations involving bad luck.

"We go around and we change our decision making because we've evaluated the quality of a decision based on one outcome," says Duke. "Try and cordon yourself off from the outcome and recognize the uncertainty of the future."

Reason's Nick Gillespie sat down with Duke to discuss life, chess, poker, football, and why we can all benefit from exposure to dissenting opinions.

Cameras by Jim Epstein and Andrew Heaton. Edited by Austin Bragg.

Photo Credits: Jon Soohoo/UPI/Newscom, Rich Graessle/Icon Sportswire/Newscom, Kevin Dietsch/UPI/Newscom, John Angelillo/UPI/Newscom, Chris Coduto/Icon Sportswire/Newscom, Shane Roper/Cal Sport Media/Newscom, Chris Wattie/REUTERS/Newscom, Charles Baus/Cal Sport Media/Newscom

libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
,
annie duke
,
poker
,
decisions
,
pete carroll
    Thumbnail for After Escobar: How the US Imposed its Own Drug War on Colombia26:22
    After Escobar: How the US Imposed its Own Drug War on Colombia
    ReasonVids
    897 views
    Thumbnail for Stossel: Government Shutdown Shows Private Is Better4:49
    Stossel: Government Shutdown Shows Private Is Better
    ReasonVids
    944 views
    Thumbnail for Tolls, Not Taxes: How Americans Want to Fix Traffic Jams10:05
    Tolls, Not Taxes: How Americans Want to Fix Traffic Jams
    ReasonVids
    891 views
    Thumbnail for Hail Satan? A New Documentary Depicts Devil Worshipers as Unlikely Defenders of the First Amendment16:41
    Hail Satan? A New Documentary Depicts Devil Worshipers as Unlikely Defenders of the First Amendment
    ReasonVids
    834 views
    Thumbnail for The Thing: Remastered DEAD MEAT Livestream | Dead Meat Presents...2:43:04
    The Thing: Remastered DEAD MEAT Livestream | Dead Meat Presents...
    invidious
    91 views
    Thumbnail for Should the Government Provide Health Insurance to All Americans? A Soho Forum Debate1:31:39
    Should the Government Provide Health Insurance to All Americans? A Soho Forum Debate
    ReasonVids
    792 views
    Thumbnail for Remy: Surfin' USA (Beach Boys Lockdown Parody)1:51
    Remy: Surfin' USA (Beach Boys Lockdown Parody)
    ReasonVids
    900 views
    Thumbnail for Stossel: Venezuela IS Socialism4:52
    Stossel: Venezuela IS Socialism
    ReasonVids
    857 views
    Thumbnail for Lanny Friedlander: The Eccentric Genius Who Created Reason Magazine8:31
    Lanny Friedlander: The Eccentric Genius Who Created Reason Magazine
    ReasonVids
    902 views
    Thumbnail for Some orphaned wild Monkey videos melt even my bitter cold heart. SOOOOO CUTE!0:39
    Some orphaned wild Monkey videos melt even my bitter cold heart. SOOOOO CUTE!
    poalcatbox
    662 views
    Thumbnail for Police Shoot, Kill 80-Year-Old Man In His Own Bed, Don't Find the Drugs They Were Looking For7:40
    Police Shoot, Kill 80-Year-Old Man In His Own Bed, Don't Find the Drugs They Were Looking For
    ReasonVids
    960 views
    Thumbnail for Target destroyed 0:23
    Target destroyed
    bestofupgoat
    463 views
    Thumbnail for OOTD sorry storage issues strike again! | vonthedon4:35
    OOTD sorry storage issues strike again! | vonthedon
    invidious
    151 views
    Thumbnail for Why Voluntary Compliance Is Key To Fighting COVID-19: Dr. Jeremy S. Faust33:12
    Why Voluntary Compliance Is Key To Fighting COVID-19: Dr. Jeremy S. Faust
    ReasonVids
    852 views
    Thumbnail for Halo CE - Free For All - Chiron TL-34 (XBOX ONE) | Mystical Gaming7:55
    Halo CE - Free For All - Chiron TL-34 (XBOX ONE) | Mystical Gaming
    invidious
    439 views
    Thumbnail for Catching Online Preds | RobTheMaster1:11:39
    Catching Online Preds | RobTheMaster
    invidious
    183 views
    Thumbnail for Shadow Art Of Rituraj/Jaiswal Using Chocolate🔥❤🍫#Shorts #ruturajgaikwad #yashasvijaiswal #shadowart | KalaKar SANU Art0:20
    Shadow Art Of Rituraj/Jaiswal Using Chocolate🔥❤🍫#Shorts #ruturajgaikwad #yashasvijaiswal #shadowart | KalaKar SANU Art
    invidious
    94 views
    Thumbnail for Greek Bronzes and the Rise of Artistic Realism: Power and Pathos Exhibit3:19
    Greek Bronzes and the Rise of Artistic Realism: Power and Pathos Exhibit
    ReasonVids
    954 views
    Thumbnail for Glong0:33
    Glong
    AOUisgay
    456 views
    Thumbnail for After Arnold: California gubernatorial candidate Tom Campbell.9:15
    After Arnold: California gubernatorial candidate Tom Campbell.
    ReasonVids
    991 views
    Thumbnail for Doctors demand vaxx producers indicted for medical fraud2:18
    Doctors demand vaxx producers indicted for medical fraud
    bestofvoatxyz
    547 views
    Thumbnail for What Kind of a Monster Bans Chipotle?! (Nanny of the Month, April 2013)1:44
    What Kind of a Monster Bans Chipotle?! (Nanny of the Month, April 2013)
    ReasonVids
    876 views

points

Permalink
Reply
libertarian
,
reason magazine
,
reason.com
,
reason.tv
,
reasontv
,
annie duke
,
poker
,
decisions
,
pete carroll
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle