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How to Make Good Decisions With Probabilistic Thinking

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Thinking in Bets by Annie Duke. I was interested in the book because I have noticed that many leaders use “thinking in bets” when making decisions.

A clear example is Bill Gates. This is what I wrote in A Key Factor to Living Life to the Fullest:I learned about this “making bets” concept from watching a 2007 interview with Bill Gates and Steve Jobs.

In the interview, Gates repeatedly used the term “our bet,” “we bet,” and the like to explain the history of Microsoft.For instance, Bill Gates and Paul Allen started Microsoft based on a bet that the microcomputer would become huge.

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