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Thinking in Bets: Improving Decision-Making Skills for Business Leaders
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In this episode, Emily explains the key concepts from Annie Duke's book "Thinking in Bets", which emphasizes the importance of distinguishing between decisions and outcomes for Chiefs of Staff and other leaders. She shares examples like Pete Carroll's controversial Super Bowl play call and a golfer's swing to illustrate the roles of skill and luck in decision-making. Emily also discusses how our self-narratives and biases can hinder clear thinking, and provides a list of questions to ask ourselves to make better decisions.
Links Mentioned:
Free Resources:
- Strategic Planning Checklist
- Chief of Staff Skills Assessment Checklist
- A Day in the Life of a Chief of Staff
- Chief of Staff Toolkit
Get in touch with Emily:
- Connect on LinkedIn
- Follow on YouTube
- Learn more about coaching
- Sign up for the newsletter
- Clarity Call with Emily
Who Am I?
If we haven’t yet before - Hi👋 I’m Emily, Chief of Staff turned Executive Leadership Coach. After a thrilling ride up the corporate ladder, I’m focusing on what I love - working with people to realize their professional and personal goals. Through my videos here on this channel, books, podcast guest spots, and newsletter, I share new ideas and practical and tactical tools to help you be more productive and build the career and life you want.
Time Stamps:
00:27 Book Introduction: Thinking in Bets by Annie Duke
01:08 Seattle Seahawks Super Bowl Example
03:32 Understanding Decisions vs. Outcomes
04:24 Fielding Outcomes and Thinking in Bets
05:45 Skill vs. Luck in Decision Making
07:59 Overcoming Stubbornness of Beliefs
09:42 The Importance of Self-Narrative
12:41 Asking the Right Questions
14:03 Applying Thinking in Bets to Leadership
16:54 Final Takeaways and Support
Kapitler
1. Thinking in Bets: Improving Decision-Making Skills for Business Leaders (00:00:00)
2. Book Introduction: Thinking in Bets by Annie Duke (00:00:27)
3. Seattle Seahawks Super Bowl Example (00:01:08)
4. Understanding Decisions vs. Outcomes (00:03:32)
5. Fielding Outcomes and Thinking in Bets (00:04:24)
6. Skill vs. Luck in Decision Making (00:05:45)
7. Overcoming Stubbornness of Beliefs (00:07:59)
8. The Importance of Self-Narrative (00:09:42)
9. Asking the Right Questions (00:12:41)
10. Applying Thinking in Bets to Leadership (00:14:03)
11. Final Takeaways and Support (00:16:54)
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