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Management Lessons from Annie Duke's Thinking in Bets.

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Title: Management Lessons from Annie Duke's Thinking in Bets.
Authors: Holley, Robert P.1 (AUTHOR) aa3805@wayne.edu
Source: Journal of Library Administration. Aug-Oct2025, Vol. 65 Issue 6/7, p825-834. 10p.
Subject Terms: *Decision making, *Library administration, *Evaluation methodology, Behavioral economics, Group dynamics, Risk assessment, Texas hold 'em (Poker)
Geographic Terms: Texas
Abstract: Annie Duke's Thinking in Bets, Making Smarter Decisions When You Don't Have the Facts, includes substantive principles to improve decision-making by library managers and individuals. As one of the best female players ever, Duke learned that Texas-Hold'em poker closely mimics life. Success depends both upon the quality of one's decision and on luck. Excellent decisions turn out poorly, and bad decisions can be wildly successful. We live in a world with little absolute certainty and need to factor this into our decision-making. The same holds true for results so thinking in terms of probable outcomes improves the chances of success. Group decision-making is even more difficult and often depends upon group dynamics. All decisions should be recorded in detail to allow for later evaluation that, if accurate, can improve future decision-making. The good news is that even a small increase in successful decision-making can greatly improve library management. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Library Administration is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Education Research Complete
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PubType: Academic Journal
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  Data: Annie Duke's Thinking in Bets, Making Smarter Decisions When You Don't Have the Facts, includes substantive principles to improve decision-making by library managers and individuals. As one of the best female players ever, Duke learned that Texas-Hold'em poker closely mimics life. Success depends both upon the quality of one's decision and on luck. Excellent decisions turn out poorly, and bad decisions can be wildly successful. We live in a world with little absolute certainty and need to factor this into our decision-making. The same holds true for results so thinking in terms of probable outcomes improves the chances of success. Group decision-making is even more difficult and often depends upon group dynamics. All decisions should be recorded in detail to allow for later evaluation that, if accurate, can improve future decision-making. The good news is that even a small increase in successful decision-making can greatly improve library management. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Journal of Library Administration is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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      – Type: doi
        Value: 10.1080/01930826.2025.2560269
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      – Code: eng
        Text: English
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      Pagination:
        PageCount: 10
        StartPage: 825
    Subjects:
      – SubjectFull: Decision making
        Type: general
      – SubjectFull: Library administration
        Type: general
      – SubjectFull: Evaluation methodology
        Type: general
      – SubjectFull: Behavioral economics
        Type: general
      – SubjectFull: Group dynamics
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      – SubjectFull: Risk assessment
        Type: general
      – SubjectFull: Texas hold 'em (Poker)
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      – SubjectFull: Texas
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      – TitleFull: Management Lessons from Annie Duke's Thinking in Bets.
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            – D: 01
              M: 08
              Text: Aug-Oct2025
              Type: published
              Y: 2025
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