#692 Annie Duke - Quit: The Power of Knowing When to Walk Away

<p>------------------Support the channel------------</p> <p>Patreon: <a href="https://www.patreon.com/thedissenter">https://www.patreon.com/thedissenter</a></p> <p>PayPal: paypal.me/thedissenter</p> <p>PayPal Subscription 1 Dollar: <a href="https://tinyurl.com/yb3acuuy">https://tinyurl.com/yb3acuuy</a></p> <p>PayPal Subscription 3 Dollars: <a href="https://tinyurl.com/ybn6bg9l">https://tinyurl.com/ybn6bg9l</a></p> <p>PayPal Subscription 5 Dollars: <a href="https://tinyurl.com/ycmr9gpz">https://tinyurl.com/ycmr9gpz</a></p> <p>PayPal Subscription 10 Dollars: <a href="https://tinyurl.com/y9r3fc9m">https://tinyurl.com/y9r3fc9m</a></p> <p>PayPal Subscription 20 Dollars: <a href="https://tinyurl.com/y95uvkao">https://tinyurl.com/y95uvkao</a></p> <p><br></p> <p>This show is sponsored by Enlites, Learning &amp; Development done differently. Check the website here: <a href="http://enlites.com/">http://enlites.com/</a></p> <p><br></p> <p>Annie Duke is an author, speaker, and consultant in the decision-making space, as well as Special Partner focused on Decision Science at First Round Capital Partners, a seed stage venture fund. As a former professional poker player, she has won more than $4 million in tournament poker. Prior to becoming a professional poker player, Annie was awarded a National Science Foundation Fellowship to study Cognitive Psychology at the University of Pennsylvania. Annie’s latest book is Quit: The Power of Knowing When to Walk Away.</p> <p>In this episode, we focus on Quit. We start by talking about grit and quit, and how they can complement each other. We discuss if “never quit” is ever a good message, and the social stigma associated with quitting. We talk about planning for quitting, dealing with the “what-ifs”, and setting “killer criteria”. We go through the psychological effects that make it harder to quit, including loss aversion, the sunk cost fallacy, the endowment effect, personal identity, and setting goals. We discuss how other people can help us quit. Finally, we talk about how this all a