Leveraging Leadership

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Emily Sander

21 August 2024

20m 31s

Thinking in Bets: Improving Decision-Making Skills for Business Leaders

00:00

20:31

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.

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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