
Annie Duke's best insight is definitional: a good decision is not one that produced a good outcome. Poker forces this distinction because the feedback loop is fast and the randomness is visible. Most other domains let you confuse luck and skill for years.
Chosen by shared topics, the entries that hold them, and the people who recommended both.
Kahneman's synthesis of behavioral economics is the cognitive science underpinning every negotiation tactic. Anchoring, loss aversion, framing effects, and the planning fallacy — understanding why these biases operate, not just that they exist, makes you harder to exploit and more honest about your own irrationality.
“…books I've recommended, highlighted to death, or forced on friends.” — Andrew Wilkinson
Source: Andrew Wilkinson's Bookshelf, neverenough.com
Recommended by: Andrew Wilkinson, Charles de Vaulx and 32 others
How people learned to measure risk, from early probability to portfolio theory.
“I think some of the books that are a must would be Peter Bernstein's book about risk, Against the Gods: The Remarkable Story of Risk.” — Charles de Vaulx
Source: De Vaulx naming Bernstein's book a must-read on risk
Recommended by: Charles de Vaulx, Jim Collins and 8 others
A 20-year test of 28,000 expert forecasts: foxes with many models beat hedgehogs.
“All pundits and commentators should publish their prediction track records, yet don't. What to pay attention to and what to ignore.” — Marc Andreessen
Source: @pmarca, 'Thread: Books I've recently read and recommend'
Recommended by: Marc Andreessen, Michael Mauboussin and 2 others
Why people mistake luck for skill, above all in markets.
“Fooled by Randomness is a serious, intellectually sophisticated book, well worth reading carefully. At times, the book is condescending. Nevertheless, there are some great insights.” — Barton Biggs
Source: Biggs on a sophisticated book worth reading carefully
Recommended by: Barton Biggs, Michael Mauboussin and 11 others
The biases that distort managers' decisions, with exercises that show them.
Recommended by: Mohnish Pabrai, Charlie Munger and 1 other
The Good Judgment Project; the practices that measurably improve forecasts.
Recommended by: Patrick Collison and 9 others
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