TED: 3 lessons on decision-making from a poker champion | Liv Boeree

The video discusses three key lessons from poker that apply to decision-making in life: the role of luck, the importance of quantifying thinking, and balancing intuition with analysis. It emphasizes understanding the impact of luck, using numbers for clarity, and not over-relying on intuition for major decisions.

What is the main lesson about luck in decision-making as discussed in the video?

• Luck is more important than skill.

• Outcomes depend on both skill and luck.

• Success is solely based on skill.

• Luck plays no role in decision-making.

What mistake did the speaker make after winning a poker tournament?

• She started playing smaller tournaments.

• She overestimated her skill level.

• She underestimated her skill level.

• She stopped playing poker.

Why is it important to quantify your thinking according to the speaker?

• It reduces the need for planning.

• It makes decisions more emotional.

• It allows for more precise decision-making.

• It helps in making vague decisions.

How does the speaker suggest we express probabilities in everyday conversations?

• By using emotional expressions.

• By giving numerical estimates.

• By avoiding numbers altogether.

• By using vague terms like 'probably'.

What is the speaker's view on using intuition for major life decisions?

• Intuition should be ignored completely.

• Intuition is always accurate.

• Intuition is unreliable for major decisions.

• Intuition should be the primary guide.

According to the speaker, when is intuition most reliable?

• For decisions involving financial investments.

• For major life decisions.

• For everyday tasks with lots of experience.

• For decisions with no prior experience.

What is the speaker's final advice on decision-making?

• Balance intuition with analysis and estimation.

• Ignore luck and focus on skill.

• Rely solely on intuition.

• Trust only in numerical data.