Covid-19 Crisis: Annie Duke on Hedging and the Last Disaster Syndrome

<p>Annie Duke is an author, corporate speaker, and consultant in the decision-making space. Her most recent book, Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts, quickly became a national bestseller and landed on the Behavioral Grooves Top 10 list for 2018! </p> <p>Prior to her career as a professional poker player, Annie was awarded a National Science Foundation Fellowship to study Cognitive Psychology at the University of Pennsylvania. She is the co-founder of The Alliance for Decision Education, a non-profit whose mission to improve lives by empowering students through decision skills education.</p> <p>And this is Annies third time on Behavioral Grooves – you can hear her in Episode 31 and our 100th episode spectacular!  Over the years that we’ve known Annie, we’ve developed a friendship that reveals itself in this episode as a very conversational exchange among friends sitting around talking about the crisis. </p> <p>We talked about hedging, the Last Disaster syndrome, and of course, decision making under uncertainty. We hope you enjoy.</p> <p>PS: Annie's newest book, How We Decide, can be pre-ordered on the Amazon link below. </p> <p>© 2020 Behavioral Grooves</p> Links <p>Connect with Kurt and Tim: </p> <p>Kurt Nelson, PhD: @WhatMotivates  e-mail: <a href='mailto:kurt@lanterngroup.com'>kurt@lanterngroup.com</a></p> <p>Tim Houlihan: @THoulihan  e-mail: <a href='mailto:tim@behavioralchemy.com'>tim@behavioralchemy.com</a></p> <p>Lantern Group: <a href='http://lanterngroup.com/'>http://lanterngroup.com/</a></p> <p>BehaviorAlchemy: <a href='https://www.behavioralchemy.com/'>https://www.behavioralchemy.com/</a></p> <p>Behavioral Grooves: <a href='https://behavioralgrooves.com/'>https://behavioralgrooves.com/</a></p> <p>Weekly Grooves: <a href='https://weeklygrooves.podbean.com/'>https://weeklygrooves.podbean.com/</a></p> <p>Common Biases & Heuristics: <a href='https://docs.google.com/document/d/1XHpBr0VFcaT8wIUpr-9zMIb79dFMgOVFRxIZRybiftI/edit'>https://docs.google.com/document/d/1XHpB