Poker Champion Explains Why People Double Down When Losing | JHS Ep. 757

Annie Duke is a World Series poker champion, a shrewd decision-maker, and the author of Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts and Quit: The Power of Knowing When to Walk Away.

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Full show notes can be found here: https://jordanharbinger.com/757

What We Discuss with Annie:
0:00 - "Never give up" is terrible advice. Know when to quit
19:36 - Sunk cost fallacy
29:42 - Cutting your losses separates amateurs from pros
40:36 - Quitting correctly feels wrong
52:01 - Kill criteria
1:04:22 - Convincing someone else to quit
1:10:44 - Why people refuse to quit

Kenny Rogers may have been affectionately known by his fan base as The Gambler, but our guest Annie Duke — a bona fide World Series poker champion — is someone who really knows when to hold ’em and when to fold ’em in a high-stakes game of cards. Visiting us way back on episode 40, she taught us how to put our best guesses forward with lessons from her book Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts.

On this episode, Annie rejoins us to share the wisdom from her latest book, Quit: The Power of Knowing When to Walk Away. But will she teach us how to know when to run? Listen, learn, and enjoy — and in the final words of this podcast, you might even find an ace that you can keep!

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Welcome to The Jordan Harbinger Show, a video podcast where each week you get to join a conversation with some of the world’s highest performers and incredible personalities. I’ll ask them the tough questions to tease out their top tips so that you can reach levels of personal growth and mastery that you never imagined possible.

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