Quit : the power of knowing when to walk away / Annie Duke.

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    • Abstract:
      Summary: "From the bestselling author of Thinking in Bets comes a toolkit for mastering the skill of quitting to achieve greater success Business leaders, with millions of dollars down the drain, struggle to abandon a new app or product that just isn't working. Governments, caught in a hopeless conflict, believe that the next tactic will finally be the one that wins the war. And in our own lives, we persist in relationships or careers that no longer serve us. Why? According to Annie Duke, in the face of tough decisions, we're terrible quitters. And that is significantly holding us back. In Quit, Duke teaches you how to get good at quitting. Drawing on stories from elite athletes like Mount Everest climbers, founders of leading companies like Stewart Butterfield, the CEO of Slack, and top entertainers like Dave Chappelle, Duke explains why quitting is integral to success, as well as strategies for determining when to hold em, and when to fold em, that will save you time, energy, and money. You'll learn: How the paradox of quitting influences decision making: If you quit on time, you will feel you quit early What forces work against good quitting behavior, such as escalation commitment, desire for certainty, and status quo bias How to think in expected value in order to make better decisions, as well as other best practices, such as increasing flexibility in goal-setting, establishing "quitting contracts," anticipating optionality, and conducting premortems and backcasts Whether you're facing a make-or-break business decision or life-altering personal choice, mastering the skill of quitting will help you make the best next move"-- Provided by publisher.
    • Content Notes:
      Section I. The case for quitting. The opposite of a great virtue is also a great virtue ; Quitting on time usually feels like quitting too early ; Should I stay, or should I go? -- Interlude I. Quitting while the world is watching -- Section II. In the losses. Escalating commitment ; Sunk cost and the fear of waste ; Monkeys and pedestals -- Interlude II. Gold or nothing -- Section III. Identity and other impediments. You own what you've bought and what you've thought: Endowment and the status quo bias ; The hardest thing to quit is who you are: Identity and dissonance ; Find someone who loves you but doesn't care about hurt feelings -- Interlude III. The ants go marching ... mostly -- Section IV. Lessons from forced quitting ; The myopia of goals.
    • Notes:
      Includes bibliographical references (pages 281-296) and index.
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