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Mental Model

Thinking in Bets: How to Make Decisions Like a Poker Player

Poker players use this method to increase their winnings over the long term. Here’s how you can use it in business and life:

Ozan Irturk
ILLUMINATION
Published in
4 min readApr 5, 2023

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Bad decision, good luck

Mike was excited when he heard about a new cryptocurrency from his close friend.

Everybody was talking about its growth potential on Reddit.

He thought he was finally early enough to get huge returns in a short time.

And he was so convinced; that he invested all his savings in it.

After two weeks, his dreams came true.

His investment got 10x higher and he cashed out.

Mike told himself: “That was the best decision of my life.

Good decision, bad luck

Jane was working in the Marketing department of a consumer goods company.

One day, she received a job offer from the tech industry.

The offer was good: a promotion, stock options, and leading a team…

After thinking about it for a week, she decided to take the offer.

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ILLUMINATION
ILLUMINATION

Published in ILLUMINATION

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Ozan Irturk
Ozan Irturk

Written by Ozan Irturk

Founder, Frontera. I help executives turn their businesses into great brands via strategy. Join 10,000+ executives: https://fronterabrands.com

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