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The All Things Risk Podcast

The All Things Risk podcast explores the themes of risk, uncertainty and resilience as applied to sports, the arts, current affairs and just about any other domain. We feature long-form conversations with interesting guests who have loads of fascinating stories, tips and tools.
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Dec 30, 2022

This episode is about something with which our society has a very unhealthy relationship: quitting. The advice of the legendarily successful is often boiled down to this: stick to things, don’t quit. But that advice is very wrong. Annie Duke makes her third appearance on the podcast to tell us that quitting is far from a vice. Contrary to popular belief, winners quit a lot. That’s how they win.

If you are unfamiliar with Annie, she is a best-selling author, decision scientist, and a former professional poker champion. Her latest book is called Quit: The Power of Knowing When to Walk Away. In it, she draws on a wealth of findings in behavioural science, real-life examples, and thoughtful analysis to make the case for quitting. She joins to talk about that, why quitting is such an important skill, and how to get better at it.

Show notes:

Quit: The Power of Knowing When to Walk Away

Annie’s website

How to Decide

Thinking in Bets

Michael Mauboussin

Daniel Kahneman

Amos Tversky

Richard Thaler

Pete Carroll

Expected Value

Loss Aversion

Status Quo bias

Survivorship bias

Escalation of commitment

John List’s piece on quitting

Ep 157 of All Things Risk with Annie

Ep 90 of All Things Risk with Annie

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Our free course module “How to Set Up Any Decision for Success” from our upcoming course How to Make Decisions With Calm and Confidence

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