When people quit on time, it will usually feel like they are quitting too early, because it will be long before they experience the choice as a close… - Annie Duke

But omission-commission bias causes us not to view these decisions as equivalent. That's why we accept that explanation of "I'm not ready to make a decision yet" from others and why we accept it from ourselves. Of course, what that really means is "I'm not ready to veer from the status quo."

When someone asks you about a coin they flipped four times, there is a correct answer: "I'm not sure."

Thinking in bets starts with recognizing that there are exactly two things that determine how our lives turn out: the quality of our decisions and luck. Learning to recognize the difference between the two is what thinking in bets is all about.