cover of episode Annie Duke: Quitting, Bill Gates, and poker

Annie Duke: Quitting, Bill Gates, and poker

2024/2/14
logo of podcast In Good Company with Nicolai Tangen

In Good Company with Nicolai Tangen
AI Chapters Transcript
Chapters
This chapter explores the cognitive biases that make quitting difficult. It discusses sunk cost bias and the tendency to focus on past investments rather than future potential. The importance of considering whether you would start something today, rather than continuing based on past efforts, is highlighted.
  • Cultural bias against quitting hinders people from stopping things.
  • Sunk cost bias leads us to continue things we wouldn't start today.
  • Focusing on prospective problems, rather than retrospective ones, is important for effective quitting.

Shownotes Transcript

In the face of tough decisions, we’re terrible quitters. And that is significantly holding us back. In this episode, Annie Duke blends her experience at the poker table with her academic background, offering unique insights into the human psyche, decision-making and quitting.

The production team on this episode were PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research was done by Sigurd Brekke.

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