On today's episode, we examine one of the critical skills to achieving the good life: decision making. I’ve invited three experts on decision making, Annie Duke, the author of Thinking in Bets, Jacob Taylor, a value investor and the author of The Rebel Allocator, and Brent Snow, who teaches decision making to executives in corporate America. We have a wide-ranging discussion on decision making, what prevents us from making good decisions, and how we can improve. We cover a topic Annie calls “resulting” and it’s related to the idea that the quality of the outcome doesn’t tell you everything about the quality of the decision. We talk about wicked versus kind feedback environments. We discuss the role that luck and hidden information play in decision making, and why decision pre-work is better than a decision journal, and so many more topics.

IN THIS EPISODE, YOU'LL LEARN:

What prevents us from making good decisions
Why the quality of the outcome doesn’t tell you everything about the quality of the decision
The role that luck and hidden information play in decision making and decision feedback
The paradox of experience and learning
How kind and wicked learning environments shape our ability to learn from experience
Why the “interpreter” part of our brain is important but can lead us astray
How to avoid consensus overload when making decisions in organizations
Why decision pre-work is better than a journal

BOOKS AND RESOURCES

Thinking in Bets by Annie Duke
The Rebel Allocator by Jacob Taylor
Capital One. This is Banking Reimagined. What’s in your wallet?
Browse through all our episodes (complete with transcripts) here.
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CONNECT WITH BRENT SNOW, JACOB TAYLOR, AND ANNIE DUKE

Twitter for Annie Duke: @AnnieDuke
Twitter for Jake Taylor: @farnmanjake1
Annie Duke's Website: annieduke.com
Jake Taylor's Farnam Street Investments: orphanira.com
Brent Snow's Ten Thousand Feet: tenthousandfeet.com

GET IN TOUCH WITH SEAN MURRAY

Sean's Twitter Account
Sean's LinkedIn Account
Email: Sean@TheInvestorsPodcast.com
Website: RealTime Performance, Inc.
Weekly Newsletter: RealTime Performance Newsletter

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TGL026: Mastermind: Decision Making in Times of Uncertainty with Jake Taylor, Brent Snow, and Annie Duke

The Good Life Podcast with Sean Murray