Chapter 2 Summary Quitting on time usually feels like quitting too early. The hardest time to make a quitting decision is when you're in it. Our intu… - Annie Duke

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Chapter 2 Summary Quitting on time usually feels like quitting too early. The hardest time to make a quitting decision is when you're in it. Our intuition is that quitting will slow down our progress. The reverse is actually true. If you walk away from something that is no longer worthwhile, that frees you up to switch to something that is more likely to help you achieve your goals — and you'll get there faster. When the time is objectively right to quit, nothing particularly dire will be happening right at that moment. Getting the timing right means looking into the future and seeing that the chances things will go your way are too slim. Thinking in expected value helps you figure out if the path you are on is worth sticking to. EV is not just about money. It can be measured in health, well-being, happiness, time, self-fulfillment, satisfaction in relationships, or anything else that affects you. If you feel like the choice between persevering and walking away is a close call, it's likely that quitting is the better choice. In hindsight, we can see when someone has waited too long to quit, and we tend to be harsh in our judgment of those people. But when someone quits before it seems obvious to others, we mock them for quitting too early. That's the quitting bind.

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Birth Name: Anne LaBarr Lederer
Alternative Names: Anne LaBarr Duke Annie Lederer Anne Lederer

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Additional quotes by Annie Duke

Once we are in a group that regularly reinforces exploratory thought, the routine becomes reflexive, running on its own. Exploratory thought becomes a new habit of mind, the new routine, and one that is self-reinforced.

The decisions we make in our lives — in business, saving and spending, health and lifestyle choices, raising our children, and relationships — easily fit von Neumann's definition of "real games." They involve uncertainty, risk, and occasional deception, prominent elements in poker. Trouble follows when we treat life decisions as if they were chess decisions.

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