Annie Duke’s career in poker began 30 years ago during a trip to Las Vegas, when her brother Howard wrote a list of hands she should play on a napkin. For a while, playing off that list worked for her—until it didn’t. Duke, who eventually went on to win the World Series of Poker, was approaching risk with a faulty model, one that had been designed for a beginner but that she’d come to believe was key to her success.
The final episode of our member-only show RISK covers Duke’s path to success in poker, which ultimately came down to understanding the difference between risk and uncertainty, and between risk models and heuristics.
You can watch the first two episodes of RISK, which offer advice on how to measure and manage risk, here and here. And if you haven’t already, fill out this short survey to let us know how video fits into your news habits.
READING LISTS FOR MEMBERS
To help you cut through the noise and save time, we’ve created four new reading lists exclusively for Quartz members. The stories are selected by our editors to help you catch up on the most important news stories and trends, learn how to work smarter, and pick up a new skill.
- Coronavirus: Read how the disease is transforming work and culture and disrupting markets around the world.
- Unconventional work advice: Go beyond jargon and workplace platitudes with these effective and counterintuitive approaches to working better.
- Learning new things: There’s both art and science to learning. These stories will help you acquire a new skill or master a new topic.
- Work-life balance: Is work-life balance truly possible, and if so, how do we achieve it? Or is the entire concept flawed, and if so, what should we aim for instead?
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Best wishes for a restful weekend,
Membership editor, Quartz