Saved by Daniel Wentsch
Life Isn't Chess. It's Poker.
Life is poker, not chess
Four years ago I walked away from a guaranteed promotion at McKinsey and a $300K PE offer to work in gaming for a third of the salary.
Many thought I was insane. They were playing chess: calculating the optimal move with perfect information. https://t.co/g5VHm1a12b
In fact, decisions are rarely 100 percent right or wrong. Life isn’t like that. Life is like poker, a game of incomplete information – since you never know what cards the other players are holding – and luck. Our decision-making is like poker players’ bets. We bet on future outcomes based on what we believe is most likely to occur.
blinkist.com • Thinking in Bets Overview
Chess, for all its strategic complexity, isn’t a great model for decision-making in life, where most of our decisions involve hidden information and a much greater influence of luck. This creates a challenge that doesn’t exist in chess: identifying the relative contributions of the decisions we make versus luck in how things turn out.