Friday, March 2, 2018


     Pete Carroll was a victim of our tendency to equate the quality of a decision with the quality of its outcome.  Poker players have a word for this: "resulting."  When I started playing poker, more experienced players warned me about the dangers of resulting, cautioning me to resist the temptation to change my strategy just because a few hands didn't turn out well in the short run. 
    ... Why are we so bad at separating luck and skill?  Why are we so uncomfortable knowing that results can be beyond our control? 

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

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