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Annie Duke

“Redefining wrong allows us to let go of all the anguish that comes from getting a bad result. But it also means we must redefine “right.” If we aren’t wrong just because things didn’t work out, then we aren’t right just because things turned out well. Do we win emotionally to making that mindset trade-off? Being right feels really good. “I was right,” “I knew it,” “I told you so”—those are all things that we say, and they all feel very good to us. Should we be willing to give up the good feeling of “right” to get rid of the anguish of “wrong”? Yes. First, the world is a pretty random place. The influence of luck makes it impossible to predict exactly how things will turn out, and all the hidden information makes it even worse. If we don’t change our mindset, we’re going to have to deal with being wrong a lot. It’s built into the equation.”

Annie Duke, Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts
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Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts by Annie Duke
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