Overcoming Sunk Costs
Annie Duke explains the importance of focusing on training the "monkey" first, rather than investing time and effort into low hanging fruit. Chris Hutchins shares his experience of not recognizing the known unknowns in his startup, resulting in its eventual shutdown. They discuss the value of using mental models to make better decisions and save resources.In this clip
From this podcast
All the Hacks
Making Smarter Decisions and Knowing When to Walk Away with Annie Duke
Related Questions
What is the sunk cost fallacy as discussed in the episode 757: Annie Duke | The Power of Knowing When to Quit and the clip Overcoming Sunk Costs?
What is Annie Duke saying about decision-making and how to learn better in the episode 757: Annie Duke | The Power of Knowing When to Quit and the clip The Problem with Quitting?