Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts

By: Annie Duke

The Nyla Spring 2022 book club selection is Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts by Annie Duke. In this Wall Street Journal bestseller, Duke teaches how to let go of your need for certainty and how to embrace the fact that even the best decisions don’t always yield the best outcomes. There will always be unknown factors and plain old dumb luck that play a part in how any given situation will turn out.

Duke, a former World Series of Poker champion turned business consultant, encourages people to think in terms of “bets” using factors like the probability of a good outcome and accurately assessing what you do and do not know to inform decisions. As a former poker player, Duke is all too familiar with the fact that good decisions don’t always lead to good outcomes and bad decisions don’t always lead to bad outcomes. And by learning to take emotion out of decision making, embracing uncertainty, and eliminating reactionary decisions and other destructive habits, you will become more confident and successful in all areas of life.

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