The Art of Manliness - December 30, 2025


How to Use Probability Hacking to Achieve Your Goals


Episode Stats


Length

55 minutes

Words per minute

217.9457

Word count

12,016

Sentence count

768

Harmful content

Misogyny

3

sentences flagged

Hate speech

11

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Kyle Young is a strategy consultant and the author of Success is a Numbers Game. He argues that every goal comes with a hidden probability of success or failure. And by thinking strategically, rather than just hoping for the best, you can tilt the odds in your favor.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 So earlier this year, Kate and I started a substack.
00:00:02.160 It's called Dying Breed. 0.98
00:00:03.440 It's a place where we can write about things
00:00:04.720 that wouldn't be a good fit for art of manliness,
00:00:07.160 but we wanted to write about and share anyway.
00:00:09.460 Each week, we publish two articles there.
00:00:11.680 First, there's Kate's wonderful Short Sunday Firesides.
00:00:15.000 It's a great way to start your week off
00:00:16.420 with some reflection.
00:00:17.620 And then we have a longer form article
00:00:18.820 that explores topics like luck, success, media theory,
00:00:22.820 the intersection between technology and life,
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00:00:37.440 and life can seem so boring.
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00:01:01.100 That's dyingbreed.net.
00:01:03.040 Thanks so much for your continued support.
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00:01:05.820 Hey, this is Brett.
00:01:07.100 Before we get to today's show,
00:01:08.140 I wanted to let you know that right now
00:01:09.440 we have enrollment going on
00:01:10.580 for a winter cohort of The Strenuous Life.
00:01:13.000 If you're looking for a meaningful way
00:01:14.420 to start the new year,
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00:01:16.520 for the kind of man you want to be in 2026,
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00:01:20.560 Enrollment is now open and closes on January 1st.
00:01:23.480 The Strenuous Life is an online program
00:01:24.900 that we created to help you put into action
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00:01:52.600 If you've ever said to yourself,
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00:01:56.140 The Strenuous Life can help with that.
00:01:57.840 Go to strenuouslife.co to sign up.
00:02:00.380 Again, that's strenuouslife.co.
00:02:02.100 Enrollment closes January 1st,
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00:02:06.600 Hope to see you there on The Strenuous Life.
00:02:08.020 Again, it's strenuouslife.co.
00:02:17.440 Brett McKay here,
00:02:18.380 and welcome to another edition
00:02:19.400 of the Art of Manliness podcast.
00:02:21.620 Most of us chase goals,
00:02:23.160 starting a business,
00:02:24.180 running a marathon,
00:02:25.200 getting a promotion,
00:02:26.200 without ever asking,
00:02:27.600 what are the actual odds this will work?
00:02:29.540 My guest today says those odds
00:02:30.880 aren't just graspable,
00:02:31.800 they're hackable.
00:02:33.300 Kyle Austin Young is a strategy consultant
00:02:34.980 and the author of
00:02:35.860 Success is a Numbers Game.
00:02:37.820 He argues that every goal
00:02:38.880 comes with a hidden probability
00:02:40.200 of success or failure,
00:02:41.680 and by thinking strategically,
00:02:43.060 rather than just hoping for the best,
00:02:44.740 you can tilt the odds in your favor.
00:02:46.720 In the first part of our conversation,
00:02:48.440 Kyle explains the three common ways
00:02:50.000 people pursue goals
00:02:51.040 and their potential downsides.
00:02:52.720 We then unpack how to approach your goals
00:02:54.380 through probability hacking.
00:02:55.940 We discuss how to spot
00:02:56.960 the weak links in your plan,
00:02:58.460 how to map out a success diagram
00:03:00.020 that helps you avoid common pitfalls
00:03:01.560 and pursue goals more intelligently,
00:03:03.220 and how to use these same principles
00:03:04.560 to know when you should quit a goal.
00:03:06.440 After the show's over,
00:03:07.280 check out our show notes
00:03:07.920 at aom.is slash probabilityhacking.
00:03:23.640 All right, Kyle Young,
00:03:25.140 welcome to the show.
00:03:26.140 Thank you for having me.
00:03:26.980 Excited to be here.
00:03:27.560 So you got a new book out.
00:03:28.760 It's called Success is a Numbers Game,
00:03:30.960 and in this book,
00:03:31.820 you argue that every goal,
00:03:34.000 whether it's to start a business,
00:03:36.000 get a promotion,
00:03:36.940 run a marathon,
00:03:38.340 find a spouse even,
00:03:40.420 every goal has a hidden probability
00:03:42.500 of success and failure,
00:03:44.940 and once you understand that,
00:03:46.680 you can start hacking
00:03:47.840 your probability of success.
00:03:50.220 Walk us through
00:03:50.940 when you first arrived at this insight.
00:03:53.080 You know,
00:03:54.600 in many ways,
00:03:55.300 it wasn't necessarily
00:03:56.340 a happy origin story.
00:03:58.200 I think what I can trace it back to
00:03:59.500 most clearly
00:04:00.200 was a couple of layoffs
00:04:01.580 early in my career.
00:04:02.860 I had different management level positions
00:04:04.800 at a young age,
00:04:05.680 great opportunities.
00:04:06.400 It was cool to have,
00:04:07.460 you know,
00:04:07.640 these leadership roles,
00:04:08.680 and I got laid off twice
00:04:10.420 in 13 months.
00:04:11.680 In one case,
00:04:12.720 I had just bought my first house.
00:04:14.140 The second time,
00:04:14.920 we were in the process
00:04:16.260 of adopting our daughter,
00:04:17.460 which is a famously
00:04:18.200 expensive process,
00:04:19.340 and both times,
00:04:21.020 I had to go to my wife
00:04:21.740 and say I lost my income.
00:04:23.740 And so as I thought about
00:04:24.800 how I was going to ultimately
00:04:25.580 replace that income,
00:04:26.580 I was really fortunate.
00:04:27.860 The day after the second layoff,
00:04:29.180 I had four different people
00:04:30.300 offer me positions,
00:04:31.520 and what I learned from that,
00:04:33.520 though,
00:04:33.680 was that there were
00:04:34.620 a lot of people who liked me.
00:04:35.720 There were a lot of people
00:04:36.180 who respected the work
00:04:37.120 that I was doing,
00:04:37.900 and yet I was unemployed, right?
00:04:39.600 And so what I ultimately drew
00:04:41.080 from that is just the reality
00:04:42.220 that the projects
00:04:43.560 I was involved in
00:04:44.840 were linked
00:04:45.780 to my own future.
00:04:47.100 It wasn't enough
00:04:47.700 to show up
00:04:48.220 and do my job really well.
00:04:49.820 If the projects
00:04:50.560 weren't successful,
00:04:51.260 if the organizations
00:04:52.020 didn't succeed,
00:04:53.560 I was still going to be
00:04:54.240 at risk of losing my income.
00:04:56.440 So ultimately,
00:04:56.940 when I had those
00:04:57.400 four different offers,
00:04:58.360 I went to lunch
00:04:58.820 with somebody
00:04:59.240 who gave me
00:04:59.660 some really generous advice
00:05:00.700 and said,
00:05:01.400 I hate seeing you
00:05:02.180 have to restart
00:05:02.880 over and over again.
00:05:03.760 What if you took
00:05:04.220 fractional roles
00:05:05.380 with these four
00:05:05.960 different organizations,
00:05:07.000 diversified your income
00:05:07.840 a little bit?
00:05:08.760 So I did that,
00:05:09.680 and one of the ways
00:05:10.340 that I approached consulting
00:05:11.900 was I wanted to
00:05:12.840 do everything I could
00:05:13.740 regardless of what
00:05:14.520 I was hired for.
00:05:15.820 I wanted to take
00:05:16.560 as much responsibility
00:05:17.680 as I ethically could
00:05:18.740 for that company's success,
00:05:20.420 for that project's success.
00:05:22.200 I wanted them to be
00:05:22.720 in a position
00:05:23.200 where they could pay me
00:05:24.260 for a long time.
00:05:25.480 And so that really
00:05:26.020 became the foundation
00:05:26.860 of the consulting career
00:05:27.860 I launched 10 years ago,
00:05:29.240 and it's grown since then.
00:05:30.520 That led me to
00:05:31.700 start thinking
00:05:32.360 about every project
00:05:33.320 having a probability
00:05:34.060 of success,
00:05:34.720 a probability of failure,
00:05:35.960 wanting to have a sense
00:05:36.740 of where those odds stood
00:05:38.200 when I took on
00:05:39.180 a new client,
00:05:40.140 and then it was about
00:05:40.780 what can I do
00:05:41.540 to tilt the odds
00:05:42.640 in my favor,
00:05:43.340 make these people
00:05:43.840 as successful as possible,
00:05:45.140 and reap the rewards
00:05:46.220 of that shared success.
00:05:48.160 So you argue
00:05:48.660 that when people
00:05:50.320 establish a goal,
00:05:52.060 they typically take
00:05:52.980 three approaches
00:05:53.740 to achieve that goal.
00:05:56.040 The first one is
00:05:57.340 people typically
00:05:58.140 choose goals
00:05:59.280 where they know
00:06:01.040 the odds are on their side.
00:06:02.380 Like, they're just like,
00:06:02.860 yep, I know I can do that.
00:06:04.400 I'm going to go for that.
00:06:05.600 What are some examples
00:06:06.320 of that,
00:06:06.680 and what are the downsides
00:06:07.720 of pursuing this path
00:06:08.720 to success?
00:06:10.340 Yeah, a lot of people
00:06:10.940 want to prioritize goals
00:06:12.340 where they have
00:06:12.980 good odds of success,
00:06:14.000 and I totally celebrate that.
00:06:15.260 In fact, I think that
00:06:16.200 for many people,
00:06:17.360 it's wise to start
00:06:18.260 with those goals
00:06:18.860 before you pursue
00:06:19.860 some bigger goals
00:06:20.640 because typically success
00:06:21.780 will beget success.
00:06:23.120 The connections
00:06:23.680 or the resources
00:06:24.960 or the experience
00:06:25.780 that you get
00:06:26.400 out of these small wins
00:06:27.560 will often change your odds
00:06:29.340 on more unlikely pursuits.
00:06:31.660 But when it comes to
00:06:32.380 what are examples
00:06:33.040 of people chasing goals
00:06:34.320 where the odds
00:06:34.780 are already on their side,
00:06:36.120 a really famous example
00:06:37.240 is Nepo babies. 1.00
00:06:38.500 The children of famous
00:06:39.640 or successful individuals
00:06:40.700 will have advantages
00:06:41.880 of their parents' profession.
00:06:43.460 Most of us
00:06:44.000 don't identify
00:06:44.820 as a Nepo baby.
00:06:45.700 Most of the people
00:06:46.340 that we would call
00:06:47.120 a Nepo baby 0.99
00:06:47.660 don't identify
00:06:48.360 as Nepo babies. 0.99
00:06:49.560 So that's not necessarily
00:06:51.000 something that will relate
00:06:51.720 to everybody.
00:06:52.720 But the reality is
00:06:53.560 all of us have
00:06:54.640 areas of advantage,
00:06:55.880 and it doesn't have
00:06:57.180 to be an enormous advantage.
00:06:58.760 Just incremental changes
00:06:59.980 in your attributes
00:07:01.280 can have a huge impact
00:07:02.560 on your odds.
00:07:03.620 So if you're open to it,
00:07:04.200 I'll give you an example
00:07:04.800 that has some numbers
00:07:05.720 that has to do
00:07:06.340 with the idea
00:07:06.820 of playing in the
00:07:07.500 National Basketball Association.
00:07:09.120 That's a goal
00:07:09.620 that a lot of guys have,
00:07:11.000 especially when they're younger.
00:07:11.720 I had it when I was a kid.
00:07:13.080 I don't anymore.
00:07:14.080 But that's a goal
00:07:14.640 that many people have had.
00:07:15.660 And so one of the things
00:07:16.760 that research has found
00:07:17.620 is your height
00:07:18.700 is a huge indicator
00:07:20.180 of how likely you are
00:07:21.140 to make it into the NBA.
00:07:22.660 And so I'll give you
00:07:23.100 some numbers.
00:07:23.780 If you're shorter
00:07:24.300 than six feet tall,
00:07:25.720 and the average U.S. male
00:07:26.760 is five foot nine,
00:07:28.000 I'm shorter than six feet tall,
00:07:29.340 I'm 5'11".
00:07:29.960 If you're shorter
00:07:30.660 than six feet tall,
00:07:31.780 your odds of playing
00:07:32.560 in the NBA
00:07:33.040 are one in 1.2 million.
00:07:35.740 Those are terrible odds,
00:07:36.860 one in 1.2 million.
00:07:38.320 But what's really interesting
00:07:39.420 is if you're between
00:07:40.500 six feet tall
00:07:41.280 and six foot three,
00:07:42.700 that's not a huge difference.
00:07:44.020 Shorter than six feet
00:07:44.780 to six feet tall
00:07:46.160 to six foot three,
00:07:47.440 your odds go from
00:07:48.220 one in 1.2 million
00:07:49.620 to one in 100,000.
00:07:51.820 And that's still unlikely,
00:07:53.120 but with this one small change,
00:07:54.580 your outlook
00:07:55.060 just got 10 times better.
00:07:56.900 If you're between
00:07:57.480 six foot four
00:07:58.020 and six foot seven,
00:07:58.780 your odds are actually
00:07:59.400 one in 8,000.
00:08:01.060 If you're between
00:08:01.480 six eight and 6'11",
00:08:02.960 it's one in 200.
00:08:04.660 And if you're
00:08:05.140 one of the few people
00:08:05.940 who are over seven feet tall,
00:08:07.840 your odds actually,
00:08:08.620 according to this data
00:08:09.440 published by the New York Times,
00:08:11.040 become an astonishing
00:08:12.060 one in seven.
00:08:13.620 So as we increase
00:08:14.540 a person's height,
00:08:15.680 we watch their odds
00:08:16.640 of playing in the NBA
00:08:17.520 go from one in 1.2 million
00:08:19.480 to one in seven.
00:08:21.400 That's the difference
00:08:22.220 between the total population
00:08:23.920 of New Hampshire
00:08:24.600 and a line at Starbucks.
00:08:26.040 That's the size of the change.
00:08:28.000 And this all happened
00:08:28.760 with just these
00:08:29.280 incremental differences
00:08:30.460 in a person's height.
00:08:31.640 So we all have areas
00:08:32.760 where we have advantage.
00:08:34.100 We may not have
00:08:34.560 as much advantage
00:08:35.120 as other people.
00:08:36.000 There can certainly be wisdom
00:08:37.220 in leaning into those goals,
00:08:38.620 especially early
00:08:39.840 in your career,
00:08:40.680 early in your life.
00:08:41.800 But as you've mentioned,
00:08:42.440 there is a downside to that.
00:08:43.720 And the downside is
00:08:44.560 the goals where you have
00:08:45.440 the best odds
00:08:46.220 might not be the goals
00:08:48.100 that you're most energized
00:08:49.080 to pursue.
00:08:50.240 In my case,
00:08:51.020 my dad's an optometrist.
00:08:52.100 He runs a successful
00:08:53.020 optometry practice.
00:08:54.560 I could have inherited that.
00:08:56.200 You know,
00:08:56.320 starting at your own
00:08:57.040 optometry practice
00:08:57.780 is a difficult thing to do.
00:08:58.720 He's done all of that.
00:08:59.900 It's already in place.
00:09:01.020 I could have inherited
00:09:01.700 that clientele.
00:09:03.320 I could have inherited
00:09:03.840 those systems,
00:09:04.640 that equipment,
00:09:05.120 and I would have had
00:09:06.360 great odds
00:09:07.040 at continuing,
00:09:08.300 you know,
00:09:08.440 the success of that practice.
00:09:10.060 I didn't want to be
00:09:10.660 an optometrist.
00:09:11.600 That wasn't what ultimately
00:09:12.880 made the most sense for me.
00:09:13.900 So even though I have
00:09:14.380 a lot of respect
00:09:15.060 for what he's accomplished,
00:09:15.940 it wasn't a goal
00:09:16.820 that I wanted to own
00:09:17.540 for myself.
00:09:18.680 And so because of that,
00:09:19.700 this opportunity
00:09:20.400 where I would have had
00:09:21.180 a pretty good chance
00:09:21.780 of success
00:09:22.340 was, you know,
00:09:23.080 left kind of untapped
00:09:24.340 by me
00:09:24.720 and I pursued different things.
00:09:27.020 Okay.
00:09:27.140 So there are advantages
00:09:28.120 to pursuing this path.
00:09:29.120 It's just like finding out
00:09:29.840 what your advantages are
00:09:30.900 and capitalizing on them.
00:09:32.320 But as you said,
00:09:33.400 if you just pursue goals
00:09:35.040 where your odds
00:09:35.680 are in your favor,
00:09:37.040 you might be playing it small
00:09:38.260 or you might be pursuing goals
00:09:39.880 you're not particularly
00:09:40.720 interested in.
00:09:42.060 Yeah, absolutely.
00:09:43.060 So yeah,
00:09:43.400 that takes some reflection.
00:09:44.880 A second path people do
00:09:46.840 when they're going after goals
00:09:48.240 is chase unlikely goals
00:09:50.060 and hope you get lucky.
00:09:51.880 And you say this is
00:09:52.500 the most popular approach.
00:09:53.740 Why is that?
00:09:55.180 Yeah.
00:09:55.420 And when I say the word popular,
00:09:56.800 a more appropriate word
00:09:57.840 might be common.
00:09:58.700 I don't think a lot of people
00:09:59.400 are doing it intentionally,
00:10:00.300 but the reality is
00:10:01.420 that most people
00:10:02.040 never stop to consider
00:10:03.220 their odds of success.
00:10:04.440 And I'll probably get
00:10:05.400 some opportunities
00:10:05.960 while we're talking
00:10:06.540 to give examples
00:10:07.560 of some of the mistakes
00:10:08.440 we make in our thinking,
00:10:09.440 but they don't even
00:10:10.400 stop to reflect
00:10:11.640 on what their odds
00:10:12.340 of success are.
00:10:13.640 And most big goals
00:10:15.120 are unlikely to succeed.
00:10:17.160 If we think about
00:10:17.960 even just the statistics
00:10:19.040 that kind of circulate
00:10:20.020 in the public consciousness,
00:10:20.960 I'm not trying to give you
00:10:21.860 numbers to cite
00:10:22.480 in a research study,
00:10:23.260 but it's pretty well known
00:10:24.560 this idea that
00:10:25.320 nine out of 10 businesses fail.
00:10:27.240 It's pretty well known
00:10:28.100 that most people
00:10:28.780 who set a New Year's resolution
00:10:30.100 will fail to accomplish it.
00:10:31.300 I Googled that.
00:10:32.040 And it actually says
00:10:33.140 it's between 6% and 9%
00:10:34.460 of people who accomplish
00:10:36.080 their New Year's resolutions.
00:10:37.500 The vast majority are failing.
00:10:39.760 So what can we take from that?
00:10:41.320 Well, what we can take from that
00:10:42.160 is that most big goals
00:10:43.880 have bad odds of success.
00:10:45.820 And most people
00:10:46.640 are never even stopping
00:10:47.420 to consider their odds.
00:10:48.660 So I wouldn't say
00:10:49.420 that this is necessarily
00:10:50.220 what most people
00:10:50.780 are intentionally doing,
00:10:51.680 but this is how most people
00:10:52.600 are living their lives.
00:10:53.780 They never stop
00:10:54.460 to actually consider,
00:10:55.540 is this something
00:10:55.980 that I could reasonably expect
00:10:57.320 to succeed at?
00:10:58.060 And then they dive in
00:10:59.480 with no understanding
00:11:00.700 of what their odds are
00:11:01.860 and hope that it goes well.
00:11:04.240 But ultimately,
00:11:05.340 I think that's why
00:11:06.140 we see such high failure rates
00:11:07.460 to some extent.
00:11:08.060 Some of it is just
00:11:08.540 the inherent challenge level
00:11:09.960 of these goals.
00:11:11.000 Some of it is
00:11:11.480 how little work people
00:11:12.440 are doing to optimize
00:11:13.220 their odds of success.
00:11:14.660 And I'm here to help people
00:11:15.560 try to do that
00:11:16.400 more intentionally.
00:11:17.140 And I think that
00:11:17.560 where it really starts
00:11:18.560 for a lot of people
00:11:19.280 is just this idea
00:11:20.040 of thinking negative.
00:11:21.540 And I think that's what
00:11:22.140 so many of us
00:11:22.740 are afraid to do.
00:11:23.620 We're raised to think positive.
00:11:25.120 We're raised to believe,
00:11:26.820 well, if it's meant to happen,
00:11:27.640 it'll happen.
00:11:28.380 We're raised to kind of avoid
00:11:29.540 the uncertainty of,
00:11:31.040 in reality,
00:11:31.440 there's a chance
00:11:32.140 that you'll succeed.
00:11:32.820 There's a chance
00:11:33.380 that you'll fail.
00:11:34.360 So we avoid looking
00:11:36.180 at the potential bad outcomes
00:11:37.520 that could sabotage our success.
00:11:39.180 And when we don't
00:11:39.940 take those seriously,
00:11:40.800 we don't really give ourselves
00:11:42.300 a reasonable chance
00:11:43.720 of avoiding them
00:11:44.400 and ultimately
00:11:44.940 getting the outcome we want.
00:11:46.680 All right.
00:11:46.780 So that second approach
00:11:47.500 is just winging it.
00:11:49.040 Yeah, it's winging it 100%.
00:11:50.120 And I don't think
00:11:51.000 that people are doing it
00:11:51.600 because they're lazy. 0.89
00:11:52.400 I don't think people
00:11:52.900 are doing it
00:11:53.240 because it's necessarily
00:11:54.280 what they want.
00:11:54.880 I think most people
00:11:55.400 believe their odds
00:11:56.160 are unknowable
00:11:56.960 and unchangeable,
00:11:58.220 that they don't think
00:11:58.940 that they actually have a path
00:11:59.860 to having a sense
00:12:00.820 of what their odds
00:12:01.460 of success are.
00:12:02.480 And so I wrote this book
00:12:03.220 to give people a way
00:12:04.040 to actually understand
00:12:05.020 here's how likely I am
00:12:06.160 to accomplish this goal
00:12:07.120 and then beyond that
00:12:08.180 to give them
00:12:08.680 a five-step framework
00:12:09.620 for improving those odds
00:12:10.900 so that they'll have
00:12:11.620 a better shot
00:12:12.120 at getting what they want.
00:12:13.500 Yeah, if I look back
00:12:14.640 at all the big pursuits
00:12:15.780 that I've taken on,
00:12:17.580 I would say
00:12:19.020 I was doing
00:12:19.800 that second approach.
00:12:21.180 Like, oh,
00:12:21.400 that looks like fun to do.
00:12:22.560 I'm going to go for it
00:12:23.700 and I really didn't understand
00:12:24.940 if it was going to succeed
00:12:26.020 or fail
00:12:26.600 and I was just winging it.
00:12:28.120 And I mean,
00:12:28.560 some of them really paid off
00:12:29.700 so there can be
00:12:30.400 some virtue in that.
00:12:32.120 And there are some goals
00:12:32.960 that we have
00:12:33.920 a moral obligation
00:12:35.040 to pursue
00:12:35.740 even though the odds
00:12:36.660 are terrible.
00:12:37.300 We should try
00:12:38.060 to cure cancer.
00:12:39.280 That's an unlikely goal.
00:12:41.240 I'm fortunate
00:12:41.820 to be an investor
00:12:42.760 in a company
00:12:43.220 that's trying to
00:12:43.900 create a new treatment
00:12:44.800 for cancer.
00:12:45.380 But obviously,
00:12:46.220 it's an unlikely goal
00:12:47.640 to try to cure cancer.
00:12:48.580 That doesn't mean
00:12:48.920 we shouldn't pursue it.
00:12:49.700 So I'm not saying
00:12:50.420 that it's universally wrong
00:12:52.440 to pursue goals
00:12:53.180 with bad odds.
00:12:54.320 I am saying
00:12:55.140 that we have an opportunity
00:12:56.180 typically to live
00:12:57.080 more rewarding lives
00:12:58.200 if we make space
00:12:59.360 for high probability goals
00:13:00.620 and certainly
00:13:01.440 if we do everything
00:13:02.480 we can to optimize
00:13:03.380 our odds of success
00:13:04.500 at any goal
00:13:05.160 we're pursuing
00:13:05.680 regardless of how
00:13:06.780 improbable it might be
00:13:07.920 at the beginning.
00:13:08.880 All right.
00:13:09.020 So the third way
00:13:09.780 you can pursue a goal
00:13:10.580 or unlikely goal
00:13:11.760 is to do so strategically
00:13:13.400 by playing bad odds
00:13:16.060 through multiple attempts.
00:13:17.560 And you say
00:13:18.500 this is the approach
00:13:19.080 that artists
00:13:19.760 and entrepreneurs
00:13:20.480 often take.
00:13:21.300 What does that look like?
00:13:23.140 Sure.
00:13:23.460 So a 90% chance of failure
00:13:25.360 to many people
00:13:26.400 means a dead end.
00:13:27.700 If I were considering
00:13:28.740 a goal
00:13:29.180 that had a 90% chance
00:13:30.460 of failure
00:13:30.960 it's like,
00:13:31.500 okay,
00:13:31.840 well,
00:13:32.100 no point in doing that.
00:13:33.400 That could never succeed.
00:13:34.560 In reality,
00:13:35.220 that's not what
00:13:36.000 that number is telling us.
00:13:37.100 It means that
00:13:37.420 for every 10 attempts
00:13:38.580 we predict one success
00:13:40.340 and nine failures.
00:13:41.300 But there is
00:13:41.940 a predicted success.
00:13:43.640 And so at a societal level
00:13:44.760 when we see
00:13:45.320 those types of successes
00:13:46.360 we say that people got lucky.
00:13:48.060 We say that,
00:13:48.820 well,
00:13:49.020 nine people failed,
00:13:49.720 one person succeeded.
00:13:50.700 I guess that one person
00:13:51.440 got lucky.
00:13:52.280 Not necessarily.
00:13:53.180 That person didn't beat the odds.
00:13:54.900 The odds played out
00:13:56.040 as expected
00:13:56.800 and they were
00:13:57.720 the beneficiary
00:13:58.580 of those
00:13:59.180 predicted successes.
00:14:01.000 But there's an opportunity
00:14:01.820 for us as individuals
00:14:02.720 to sort of act
00:14:03.440 like our own
00:14:03.980 miniature society.
00:14:05.200 And we can,
00:14:05.880 through repeated attempts,
00:14:07.060 experience both
00:14:08.100 the predicted success
00:14:09.360 and the predicted failures.
00:14:11.320 And so an example
00:14:11.840 of that in entrepreneurship
00:14:12.620 like you mentioned
00:14:13.260 would be
00:14:13.760 Aperva Meta.
00:14:15.000 In 2020,
00:14:15.520 it was eight years
00:14:16.820 into the company Instacart
00:14:17.900 which he had founded
00:14:18.660 and COVID happened
00:14:19.900 and it drove
00:14:20.660 thousands of new customers
00:14:21.980 to give grocery delivery
00:14:23.540 a try.
00:14:24.740 And when that happens
00:14:25.360 he says
00:14:25.780 we saw five years of growth
00:14:27.500 in a matter of five weeks.
00:14:29.420 Over a span of 10 months
00:14:30.500 their valuation increased
00:14:31.860 by over $9 billion.
00:14:33.620 That has the appearance
00:14:34.760 of incredibly lucky timing.
00:14:36.820 And to some extent
00:14:37.500 I'm comfortable
00:14:38.360 with people saying
00:14:38.880 that it is.
00:14:39.940 But it's not
00:14:40.460 miraculous timing.
00:14:41.980 Meta estimates
00:14:42.460 that he actually launched
00:14:43.260 around 20 businesses
00:14:44.700 before he founded
00:14:45.940 Instacart.
00:14:46.880 He started an ad network
00:14:48.100 for gaming companies,
00:14:49.280 a social media site
00:14:50.120 for lawyers.
00:14:51.260 And so it's not
00:14:51.860 that shocking
00:14:52.660 that one of his 20 businesses
00:14:54.220 was in the right place
00:14:55.400 at the right time.
00:14:56.360 So there certainly is
00:14:57.680 merit
00:14:58.360 in using multiple attempts
00:15:00.140 to try to accomplish
00:15:01.180 big goals.
00:15:02.000 And like you mentioned
00:15:02.760 that is also true
00:15:03.680 in the arts.
00:15:04.700 The goal of trying
00:15:05.600 to create enduring works
00:15:06.720 of art,
00:15:07.620 it's so unlikely
00:15:08.560 that you would produce
00:15:09.440 something that would
00:15:10.420 still be talked about
00:15:11.640 centuries later.
00:15:12.720 An incredibly difficult
00:15:13.480 thing to do.
00:15:14.360 Some people
00:15:14.740 who have accomplished it,
00:15:15.660 Mozart accomplished it,
00:15:16.860 Beethoven accomplished it.
00:15:18.220 How did they do it?
00:15:19.040 Is it this transcendent
00:15:20.320 amount of talent
00:15:20.920 that they had?
00:15:21.520 Their talent certainly
00:15:22.320 is helpful,
00:15:23.380 but they're also
00:15:24.300 so much more prolific
00:15:25.620 than we realized.
00:15:26.840 Mozart,
00:15:27.440 maybe you know
00:15:28.160 five songs by Mozart,
00:15:29.240 that's probably
00:15:29.560 how many I know.
00:15:30.540 He composed
00:15:31.020 over 600 pieces of music.
00:15:32.980 Beethoven composed
00:15:33.780 over 700 pieces of music.
00:15:35.900 Van Gogh painted
00:15:36.960 and sketched
00:15:37.820 so prolifically,
00:15:39.340 he actually averaged
00:15:40.460 roughly one new work
00:15:41.520 of art
00:15:41.880 every 36 hours
00:15:43.380 for 10 years.
00:15:45.600 That's an incredible
00:15:46.940 rate of production
00:15:48.100 and when you have
00:15:49.180 so much input
00:15:50.020 going into the world
00:15:50.900 with a certain amount
00:15:52.240 of talent,
00:15:53.040 it dramatically increases
00:15:53.980 your odds of creating
00:15:55.000 something that stands
00:15:55.840 the test of time.
00:15:57.420 You talk about
00:15:57.920 the miracle on ice
00:15:59.100 when the US won
00:16:00.440 or the beat Russia
00:16:01.480 as an example of
00:16:02.640 gaining success
00:16:04.140 through multiple attempts.
00:16:05.500 Tell us about that
00:16:05.940 because people are like,
00:16:06.680 well, how is it
00:16:07.000 a multiple attempt?
00:16:07.740 They only played Russia once.
00:16:09.060 There's that one game
00:16:10.020 that decided
00:16:10.560 if you got the gold
00:16:11.600 or not.
00:16:12.640 Sure.
00:16:12.820 So in the context
00:16:13.340 of that single Olympics,
00:16:14.480 there was one game
00:16:15.800 where they faced
00:16:16.440 the Soviet Union.
00:16:17.180 That's true.
00:16:18.140 What makes this
00:16:19.140 an example
00:16:19.540 of multiple attempts
00:16:20.560 is the fact
00:16:21.160 that the Olympics
00:16:22.060 were played
00:16:22.360 every four years
00:16:23.000 for a long period
00:16:23.800 of time.
00:16:24.180 And the Soviet Union
00:16:25.300 were absolutely
00:16:26.440 this incredible favorite
00:16:28.140 to win that game.
00:16:29.780 For nearly 20 years,
00:16:30.780 they owned Olympic hockey.
00:16:32.480 They won four straight
00:16:33.540 gold medals.
00:16:34.400 Then they got a bronze.
00:16:36.100 And after the bronze,
00:16:36.960 they went on a streak
00:16:37.600 where they had 27 wins,
00:16:39.140 one loss,
00:16:39.880 and one tie.
00:16:41.040 They outscored
00:16:41.880 their opponents
00:16:42.440 175 to 44.
00:16:45.160 Unbelievable
00:16:45.680 how dominant
00:16:46.660 they were
00:16:47.200 in Olympic hockey.
00:16:48.680 But there were
00:16:49.220 some teams
00:16:49.900 over the course
00:16:50.520 of their full Olympic run
00:16:51.740 that did beat them
00:16:52.900 or tie them.
00:16:53.760 The United States,
00:16:55.000 Czechoslovakia,
00:16:55.980 Canada, Finland,
00:16:56.760 and Sweden.
00:16:57.480 Those are the five teams
00:16:58.440 that either beat
00:16:59.520 or tied the Soviet Union
00:17:00.800 out of the 17
00:17:02.020 total countries
00:17:03.320 that the Russians faced.
00:17:04.540 So 17 opponents,
00:17:05.640 five ever achieved
00:17:06.540 some success.
00:17:07.960 And it looks
00:17:08.560 like a random list
00:17:09.700 at first glance,
00:17:10.680 but it's not.
00:17:11.560 There's a common thread
00:17:12.420 with all five
00:17:13.100 of those countries.
00:17:14.320 The Soviets faced
00:17:15.060 the vast majority
00:17:15.820 of their opponents
00:17:16.560 four times or fewer.
00:17:18.480 It was an average
00:17:19.100 of 1.9 attempts.
00:17:21.120 But five countries
00:17:22.060 played the Russians
00:17:22.880 more than three times
00:17:24.240 that average
00:17:24.940 with at least seven
00:17:25.780 official attempts
00:17:26.600 in Olympic play.
00:17:28.060 And what five teams
00:17:28.860 were those?
00:17:29.360 They were the five teams
00:17:30.060 that either beat
00:17:30.480 or tied them.
00:17:30.980 The United States,
00:17:32.140 Czechoslovakia,
00:17:32.940 Canada, Finland,
00:17:33.640 and Sweden.
00:17:34.520 I got the really cool
00:17:35.140 opportunity when I was
00:17:36.000 writing this book
00:17:36.680 to interview Jack O'Callaghan,
00:17:38.620 a defenseman
00:17:39.240 from that 1980 U.S. team.
00:17:41.880 And he says that
00:17:42.680 before they went out
00:17:44.000 and took the ice,
00:17:45.200 Coach Herb Brooks
00:17:45.840 gave a speech.
00:17:46.840 And Jack says he doesn't
00:17:47.740 remember exactly
00:17:48.460 what the speech said.
00:17:49.620 Different players
00:17:50.260 on the team
00:17:50.580 remember it a little bit
00:17:51.140 differently.
00:17:51.440 But he knows
00:17:52.240 that he left thinking
00:17:53.020 if we played them
00:17:53.920 ten times,
00:17:54.700 they could beat us
00:17:55.220 nine times,
00:17:55.960 but they're not
00:17:56.480 going to beat us
00:17:57.000 tonight.
00:17:57.860 And that is,
00:17:58.360 I think,
00:17:58.560 a reflection to some
00:17:59.340 extent of the fact
00:17:59.980 that the United States,
00:18:01.360 by playing them
00:18:02.060 so many times,
00:18:03.080 gave themselves
00:18:03.540 an opportunity
00:18:04.140 to win once.
00:18:05.860 They actually won
00:18:06.520 twice over the course
00:18:07.500 of that rivalry.
00:18:08.580 The Soviets won 0.79
00:18:09.080 the vast majority
00:18:09.700 of the times they played.
00:18:10.780 But there was some
00:18:11.520 success for the United States.
00:18:13.240 And because success
00:18:13.920 begets success,
00:18:14.760 sometimes even just
00:18:15.940 one win
00:18:17.160 can make a big difference.
00:18:18.300 I have some stats
00:18:19.260 in the book
00:18:19.560 that I don't know
00:18:19.960 off the top of my head,
00:18:20.780 but that showed
00:18:21.480 the change in makeup
00:18:22.440 of the National Hockey League
00:18:23.740 All-Star team
00:18:24.640 after the Miracle on Ice.
00:18:26.720 It inspired so many
00:18:27.980 American kids
00:18:29.000 to start playing hockey.
00:18:30.520 And it was something like
00:18:31.520 it went from
00:18:32.080 no representation
00:18:32.840 on the All-Star team
00:18:33.940 to now quite a few
00:18:35.260 American-born players
00:18:36.280 are among the best
00:18:37.260 hockey players in the world.
00:18:38.280 And that all started
00:18:39.120 with one win.
00:18:39.740 All right.
00:18:40.820 So this pursuing success
00:18:41.900 through multiple attempts,
00:18:44.000 it works because like
00:18:45.180 there are odds
00:18:45.900 that are there.
00:18:46.780 And if you do something
00:18:47.960 enough times,
00:18:49.080 the odds will maybe
00:18:50.260 land on you eventually.
00:18:52.280 The downside of that,
00:18:53.880 I imagine,
00:18:54.320 is that it could take a while
00:18:55.900 or you could waste
00:18:57.100 a lot of energy,
00:18:58.260 time, and money
00:18:59.140 pursuing bad odds
00:19:01.340 through multiple attempts.
00:19:03.040 Yeah, that's absolutely true.
00:19:04.040 And there's some goals
00:19:04.700 where it wouldn't work at all.
00:19:06.320 If the odds are so bad,
00:19:07.900 then you could spend
00:19:09.440 your entire life
00:19:10.140 pursuing something
00:19:10.920 without ever finding success.
00:19:12.500 Some goals,
00:19:13.000 the nature of it
00:19:13.640 makes it unlikely.
00:19:14.860 Let's take, you know,
00:19:15.540 the goal of trying
00:19:16.120 to graduate from college.
00:19:17.580 There are people
00:19:18.020 in certain circumstances
00:19:19.580 who are going to be
00:19:20.760 less likely to graduate
00:19:21.920 from college.
00:19:22.660 One filter that I show
00:19:23.780 in the book is actually
00:19:25.000 the size of their parents' income
00:19:26.440 is a pretty strong predictor
00:19:27.900 of how likely people
00:19:28.820 who enroll in college
00:19:30.300 are to actually graduate
00:19:31.940 because that money
00:19:33.100 that their parents have
00:19:33.920 helps eliminate the risk
00:19:35.640 of potential bad outcomes.
00:19:36.860 You know,
00:19:36.980 being able to pay for tuition.
00:19:38.300 What if my car breaks down?
00:19:39.420 What if I need tutoring?
00:19:40.620 Am I going to have to work a job?
00:19:42.360 So it wouldn't make sense
00:19:43.920 for somebody who
00:19:44.620 is trying to graduate
00:19:45.720 from college,
00:19:46.400 you know,
00:19:46.560 to enroll in four
00:19:47.520 separate universities
00:19:48.580 with the hopes
00:19:49.560 of playing the odds
00:19:50.560 and one of them succeeding.
00:19:51.920 So there are goals
00:19:52.720 where it doesn't make
00:19:53.420 any sense at all.
00:19:54.200 And in those situations,
00:19:55.220 we certainly have an opportunity
00:19:56.880 to choose goals
00:19:57.740 based on our odds of success.
00:19:58.860 But what I get
00:19:59.880 really passionate about
00:20:00.760 and the foundation
00:20:01.440 of my consulting work
00:20:02.520 is helping people
00:20:03.320 change their odds
00:20:04.380 and take something
00:20:05.200 that might be
00:20:05.680 a predicted failure
00:20:06.620 and turn it
00:20:07.380 into a predicted success.
00:20:09.020 All right.
00:20:09.140 So that takes us
00:20:09.580 to the fourth way
00:20:10.560 you pursue goals.
00:20:11.320 This is probability hacking.
00:20:12.820 This is what the book is about.
00:20:14.200 But before you can understand
00:20:16.160 probability hacking,
00:20:17.300 you have to understand
00:20:18.200 some rudimentary things
00:20:19.380 about probability.
00:20:20.720 The problem is
00:20:21.840 humans have a really hard time
00:20:24.180 understanding probability.
00:20:26.620 Why is that?
00:20:28.620 Well,
00:20:28.820 I think that the biggest reason
00:20:30.000 is I just don't think
00:20:30.740 many of us
00:20:31.140 get any education
00:20:32.100 on it whatsoever.
00:20:32.740 Something that I think
00:20:33.700 is really interesting
00:20:34.300 is that I think
00:20:35.300 almost all of us
00:20:36.100 took a class
00:20:36.840 on trigonometry.
00:20:38.300 Trigonometry is important, 0.99
00:20:39.520 really interesting,
00:20:40.780 but it's for the most part
00:20:41.780 only used
00:20:42.380 in really specific professions
00:20:44.080 like engineering
00:20:44.780 and architecture.
00:20:45.760 I've never used
00:20:46.480 trigonometry in my career.
00:20:48.280 Probability affects
00:20:48.980 all of us
00:20:49.600 all the time
00:20:50.460 and most of us
00:20:51.340 didn't get any training
00:20:52.140 on it at all.
00:20:52.860 So I do think
00:20:54.280 it can be difficult
00:20:55.000 to understand.
00:20:56.000 I think that I've worked hard
00:20:57.260 to make it
00:20:57.620 as understandable
00:20:58.220 as possible,
00:20:59.060 but I think the reason
00:21:00.360 so many of us
00:21:00.860 are struggling
00:21:01.280 is nobody ever told us.
00:21:03.560 Yeah,
00:21:03.600 I think I remember
00:21:04.320 like one section
00:21:05.840 in middle school math
00:21:07.680 where they talked
00:21:08.740 about probability
00:21:09.420 and then it was
00:21:10.080 really quick
00:21:10.680 and then you didn't
00:21:11.160 revisit it after that.
00:21:12.260 Sure.
00:21:13.060 Yeah.
00:21:13.660 So when people
00:21:15.000 try to think
00:21:16.000 about probability,
00:21:17.240 what do they typically
00:21:18.420 mess up
00:21:19.260 when they're thinking
00:21:20.040 about probability
00:21:20.700 of goals,
00:21:21.700 for example?
00:21:22.780 Yeah,
00:21:23.000 let's unpack this
00:21:23.900 in the context
00:21:24.380 of an example,
00:21:25.020 okay?
00:21:25.180 Let's say that you
00:21:25.900 want to run a marathon.
00:21:27.360 That's a goal
00:21:27.840 that you've set,
00:21:28.540 but you're doing it
00:21:28.980 on sort of short notice.
00:21:29.920 Let's say you have 90 days
00:21:31.020 to get ready.
00:21:31.960 That's by most standards
00:21:33.040 not a lot of time
00:21:34.100 to prepare for a marathon
00:21:34.940 if you're not already
00:21:35.780 an active runner.
00:21:36.700 So you hire a running coach
00:21:38.260 and she tells you,
00:21:39.480 I can get you there.
00:21:40.240 I can get you ready to go,
00:21:41.740 but you're going to have
00:21:42.780 to do three things.
00:21:43.900 I've got a three-step routine.
00:21:45.960 You're going to need
00:21:46.520 to eat,
00:21:47.340 sleep,
00:21:47.700 and train
00:21:48.400 the way that I tell you to.
00:21:49.820 If you do all three
00:21:50.700 of those things,
00:21:51.420 I can have you ready
00:21:52.200 in 90 days.
00:21:53.200 If you don't do
00:21:54.080 all three of those things,
00:21:55.020 if you cheat on them
00:21:55.840 or if you only do
00:21:56.420 some of them
00:21:56.900 or if you're inconsistent,
00:21:58.000 there's no way
00:21:58.740 I can get you ready
00:21:59.280 to run a marathon
00:21:59.880 in three months.
00:22:01.480 So let's take those
00:22:02.380 three prerequisites
00:22:03.380 to our success.
00:22:04.160 We need to eat the way
00:22:04.900 that we're supposed to eat,
00:22:06.020 sleep the way
00:22:06.380 we're supposed to sleep,
00:22:07.080 and train the way
00:22:07.560 we're supposed to train.
00:22:08.920 And let's put some numbers on it.
00:22:10.100 And I've just picked up
00:22:10.760 my cell phone,
00:22:11.380 opened the calculator app.
00:22:12.520 This is very easy math.
00:22:14.040 But let's say that we feel
00:22:14.900 pretty good about
00:22:15.540 each of these things.
00:22:16.160 I'm using made-up numbers.
00:22:17.500 Let's say that we think
00:22:18.740 that we have a 70% chance
00:22:20.280 of sticking with
00:22:21.060 the nutrition plan,
00:22:22.240 a 70% chance
00:22:23.320 of sticking with
00:22:23.820 the sleep schedule,
00:22:24.720 and a 70% chance
00:22:25.780 of sticking with
00:22:26.320 the training regimen,
00:22:27.940 going out and actually
00:22:28.960 running.
00:22:29.960 So there's three things
00:22:30.960 that need to go right.
00:22:31.940 And we think we have
00:22:32.420 a 70% chance
00:22:33.300 at each of them.
00:22:34.280 What many people do,
00:22:35.560 you ask,
00:22:36.080 what are the mistakes
00:22:36.640 that we make
00:22:37.060 in our thinking?
00:22:37.820 What most people do
00:22:38.800 is what could be
00:22:39.840 called averaging.
00:22:40.980 We look at the prerequisites
00:22:42.660 to our success.
00:22:43.340 We try to get a sense
00:22:44.220 of in our minds
00:22:45.000 how likely we are
00:22:45.860 to accomplish
00:22:46.380 each of those things.
00:22:47.500 And then we typically
00:22:48.000 average them.
00:22:49.140 And so in this case,
00:22:50.320 each of these things
00:22:50.960 we think has a 70% chance
00:22:52.320 of happening.
00:22:53.060 Many people would say,
00:22:54.240 great,
00:22:54.420 I have a 70% chance
00:22:55.520 of successfully running
00:22:56.360 this marathon.
00:22:56.820 Even the people
00:22:58.000 who on pen and paper
00:22:59.340 might get the math
00:23:00.340 problem right
00:23:01.000 will still typically
00:23:02.080 do that in their
00:23:02.740 day-to-day thinking.
00:23:04.020 But in truth,
00:23:04.580 you can't average.
00:23:05.760 If you have something
00:23:06.400 that has to go right
00:23:07.540 in order to accomplish
00:23:08.700 a goal,
00:23:09.400 you have to multiply
00:23:10.400 those odds together
00:23:11.240 if you want to get
00:23:11.960 the actual estimate
00:23:13.140 of how likely
00:23:13.740 you are to succeed.
00:23:15.020 So in this case,
00:23:15.800 if we have a 70% chance
00:23:17.040 of eating the way
00:23:17.580 we're supposed to,
00:23:18.500 a 70% chance
00:23:19.400 of sleeping the way
00:23:20.020 we're supposed to,
00:23:20.820 and a 70% chance
00:23:21.940 of training the way
00:23:22.700 we're supposed to,
00:23:23.400 we find that
00:23:24.320 we actually have
00:23:24.900 a 34% chance
00:23:26.500 of being ready
00:23:27.160 on race day.
00:23:28.120 That's a predicted failure.
00:23:29.680 Even though each
00:23:30.260 of these things
00:23:30.700 look good individually,
00:23:31.720 the goal as a whole
00:23:32.880 is not expected
00:23:33.920 to succeed.
00:23:34.900 And I think that's
00:23:35.500 the number one mistake
00:23:36.380 that people make
00:23:37.060 when they're thinking
00:23:37.540 about their odds
00:23:38.060 of success.
00:23:39.560 Okay, so that's
00:23:40.140 the key thing.
00:23:40.620 That's the key point
00:23:41.340 you put there.
00:23:41.780 Your odds of accomplishing
00:23:42.780 a goal could be understood
00:23:43.700 as the odds of each thing
00:23:45.140 that must happen
00:23:45.860 in order for you
00:23:47.060 to succeed
00:23:47.600 multiplied together.
00:23:48.940 That's right.
00:23:49.640 Right.
00:23:50.300 And a lot of people
00:23:50.880 miss the fact that
00:23:51.560 the more things
00:23:52.320 that have to go right,
00:23:53.600 the lower your odds
00:23:54.340 are going to be.
00:23:54.960 If there's even one step
00:23:56.380 that is unlikely to happen,
00:23:58.340 then your overall odds
00:23:59.320 aren't going to be very high.
00:24:00.460 That's why we have to do
00:24:01.180 what we can
00:24:01.660 to change our odds
00:24:02.600 of success.
00:24:03.900 And going back
00:24:04.480 to that example
00:24:05.260 of the marathon,
00:24:06.080 another point
00:24:06.680 about probability
00:24:07.360 is as you accomplish
00:24:08.860 a step,
00:24:10.020 your odds start
00:24:10.820 to go up.
00:24:11.680 So in the beginning,
00:24:12.600 it's 34%
00:24:13.620 if you multiply
00:24:14.360 70% times 70%
00:24:15.620 times 70%.
00:24:16.360 That's right.
00:24:16.740 But let's say
00:24:17.120 you successfully
00:24:17.780 stick to the diet plan
00:24:18.820 100% throughout the thing.
00:24:20.660 Well, now your odds
00:24:22.240 go up.
00:24:23.540 Yeah, that's absolutely true.
00:24:24.820 It's 100 times 70
00:24:26.200 times 70.
00:24:27.580 Sure, that's exactly right.
00:24:28.680 You know, in this case,
00:24:29.500 the hypothetical
00:24:30.560 I've set up
00:24:31.120 is sort of poorly
00:24:31.980 constructed for this
00:24:32.740 in the sense that
00:24:33.220 we want you to do
00:24:33.780 all three of these things
00:24:34.740 for 90 days.
00:24:35.540 But let's flip it.
00:24:36.220 Let's just,
00:24:36.640 for imagination's sake,
00:24:38.000 say that for one month
00:24:39.060 we need to follow
00:24:39.600 a nutrition plan.
00:24:40.580 Then for the next month
00:24:41.380 we need to follow
00:24:41.840 a sleep schedule.
00:24:42.640 Then for the next month
00:24:43.500 we need to follow
00:24:44.040 a training plan.
00:24:45.240 If we were to
00:24:46.180 make it through
00:24:46.840 the first month,
00:24:47.720 then we would only have
00:24:48.780 two more prerequisites
00:24:50.220 to our success.
00:24:51.200 And if both of those
00:24:51.780 had a 70% chance of happening,
00:24:53.260 exactly what you just said,
00:24:54.620 we would be up to
00:24:55.460 a 49% chance of success.
00:24:56.960 That's quite a bit better.
00:24:58.140 If we made it
00:24:58.620 through the second month
00:24:59.440 for the last month,
00:25:00.240 we would have a 70% chance
00:25:01.340 of success, right?
00:25:02.080 Because we've taken care
00:25:03.080 of those other prerequisites.
00:25:04.580 So you're absolutely right
00:25:05.560 for goals that have
00:25:06.520 a more linear structure,
00:25:08.340 which many of them do.
00:25:09.860 Every time you accomplish
00:25:11.000 a step on the path
00:25:12.080 to getting what you want,
00:25:13.340 your odds improve.
00:25:14.400 And if that was
00:25:15.500 an unlikely step,
00:25:16.440 your odds can improve enormously.
00:25:18.600 Yeah.
00:25:18.680 And going to that idea
00:25:19.580 of an unlikely step,
00:25:22.140 your odds can't exceed
00:25:23.620 your most unlikely step.
00:25:25.680 Yeah.
00:25:25.980 Your odds will never be better
00:25:27.160 than the least likely step.
00:25:28.460 If there's something
00:25:28.960 that absolutely has to happen
00:25:30.260 for you to succeed,
00:25:31.180 let's say that you have
00:25:32.120 to have a certain
00:25:33.460 superior's approval
00:25:34.580 in order to get a proposal
00:25:36.180 through at work.
00:25:36.920 Without that,
00:25:37.680 it can't happen.
00:25:38.800 If you only have
00:25:39.440 a 10% chance
00:25:40.200 of getting that approval,
00:25:41.340 then your overall odds
00:25:42.340 are going to be lower
00:25:43.200 than 10%
00:25:43.880 because there's probably
00:25:44.640 other things that need
00:25:45.480 to happen too.
00:25:46.560 You can never outperform
00:25:47.760 your most unlikely step.
00:25:49.440 And that's why it's really important
00:25:50.660 to prioritize those steps
00:25:51.920 when you're trying
00:25:52.320 to change your odds.
00:25:53.620 It can also be really important
00:25:54.560 to try to front load
00:25:55.460 those steps.
00:25:56.240 If I need somebody's approval
00:25:57.540 in order to get a proposal passed
00:25:58.960 and there's only a 10% chance
00:26:00.140 of that happening,
00:26:01.160 it could be smart to start
00:26:02.440 by asking for the approval
00:26:03.680 so that if they say no,
00:26:05.260 I won't waste a lot of time
00:26:06.620 on trying to get
00:26:07.440 other team buy-in,
00:26:08.740 you know,
00:26:08.920 creating a prototype,
00:26:10.420 putting pitch decks together,
00:26:11.720 whatever the case may be.
00:26:13.200 If I'm going to fail,
00:26:14.280 it can be good to fail fast
00:26:15.720 so that I can recover faster,
00:26:17.540 move on to other ideas.
00:26:19.380 Any other big picture ideas
00:26:20.540 about probability
00:26:21.360 that people have to understand
00:26:22.740 before they can start
00:26:24.080 probability hacking?
00:26:25.540 I think the only other one
00:26:26.460 is you need to recognize
00:26:27.400 that the odds
00:26:27.860 of all possible events
00:26:28.820 add up to 100%.
00:26:29.940 If I flip a coin,
00:26:31.000 there's two possible outcomes,
00:26:32.440 50% chance of heads,
00:26:33.540 50% chance of tails.
00:26:35.180 In real life,
00:26:35.820 our goals aren't that simple,
00:26:37.400 but the same principle holds.
00:26:39.040 The odds of all possible outcomes
00:26:40.960 are going to add up to 100%.
00:26:42.640 What that teaches us
00:26:43.520 is if we want to improve
00:26:44.660 our odds of success,
00:26:45.840 we have to get away
00:26:47.240 from this idea
00:26:48.160 that we're going to somehow
00:26:49.960 wish something into existence.
00:26:51.520 A lot of people want to use
00:26:52.540 commitment
00:26:53.220 as this antidote to risk.
00:26:55.800 Commitment doesn't
00:26:56.420 de-risk your goal at all.
00:26:58.060 You know,
00:26:58.700 confidence or grit,
00:27:01.100 that's not going to reduce
00:27:02.560 the risk of bad outcomes.
00:27:04.200 In the case of the marathon,
00:27:05.020 if we need to train
00:27:05.860 for 90 days,
00:27:06.980 what are some potential
00:27:07.940 bad outcomes
00:27:08.700 that could go wrong
00:27:09.600 that could keep us
00:27:10.280 from sticking to the training plan?
00:27:11.780 Maybe it's raining
00:27:12.560 on a day when we need to train.
00:27:14.380 Maybe we get shin splints,
00:27:15.840 you know,
00:27:16.200 halfway through the 90 days.
00:27:18.120 Maybe we lose our motivation
00:27:19.380 and we just don't want
00:27:20.140 to get out of bed
00:27:20.640 and go running.
00:27:21.340 Maybe our family,
00:27:22.580 you know,
00:27:22.760 events happen in our lives
00:27:24.040 and our schedule
00:27:24.500 becomes too busy.
00:27:26.000 All of those
00:27:26.560 are potential bad outcomes
00:27:27.620 that could keep us
00:27:28.940 from accomplishing
00:27:29.600 the training plan.
00:27:30.740 All of those outcomes,
00:27:31.840 the odds of each
00:27:32.660 of the bad outcomes
00:27:33.500 and the odds
00:27:34.540 of the one good outcome
00:27:35.520 sticking with the training plan
00:27:36.540 are going to add up to 100%.
00:27:37.840 And so if we want to change
00:27:39.040 our odds of success,
00:27:39.760 we need to think negative.
00:27:41.100 We need to look at
00:27:41.920 what are the bad outcomes
00:27:43.040 that could keep me
00:27:43.600 from getting this?
00:27:44.640 How can I make those
00:27:45.540 less likely to happen
00:27:46.760 so that I can bring
00:27:47.780 those odds over to my side?
00:27:49.820 Probability can be understood
00:27:50.920 a lot like how we've
00:27:52.400 traditionally understood matter.
00:27:53.960 The idea that it can't be
00:27:54.900 created or destroyed,
00:27:56.340 it can just be transferred
00:27:57.320 and rearranged.
00:27:58.540 The odds that you want
00:27:59.520 are hiding
00:28:00.140 in your potential bad outcomes.
00:28:01.880 We need to find those,
00:28:03.100 make them as unlikely
00:28:03.860 as possible
00:28:04.540 and bring the odds
00:28:05.580 over to our side.
00:28:06.240 We're going to take
00:28:07.980 a quick break
00:28:08.380 for your words
00:28:08.820 from our sponsors.
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00:30:24.140 And now back to the show.
00:30:25.980 Okay, so we got some
00:30:27.480 basic principles
00:30:28.040 of probability.
00:30:29.160 I like the idea.
00:30:30.000 Your odds of accomplishing
00:30:30.840 a goal can be understood
00:30:31.700 as the odds
00:30:32.320 of each thing
00:30:32.820 that must happen
00:30:33.460 in order for you
00:30:34.040 to succeed
00:30:34.480 multiplied together.
00:30:35.900 So if there's multiple
00:30:36.700 steps in your goal,
00:30:38.020 the way you figure out
00:30:38.740 the probability
00:30:39.360 is you figure out
00:30:40.700 the probability
00:30:41.200 of each step
00:30:41.960 and then you multiply
00:30:42.900 those together.
00:30:43.760 And that leads
00:30:44.640 to the idea
00:30:45.160 that the more steps
00:30:46.200 your goal has
00:30:47.840 or more sub-steps
00:30:48.640 your goal has,
00:30:49.640 the odds are going
00:30:50.200 to go down.
00:30:51.180 Your odds of success
00:30:51.860 are going to get harder
00:30:52.440 because you add more
00:30:53.080 things you can multiply.
00:30:54.420 The odds of achieving
00:30:55.040 a goal will never
00:30:55.580 be higher than the odds
00:30:56.540 of your most improbable
00:30:57.360 pre-resequit goal.
00:30:58.240 We talked about that.
00:30:59.260 With that out of the way,
00:31:00.120 we can start talking
00:31:00.940 about probability hacking.
00:31:03.100 And a key skill
00:31:04.280 for this
00:31:04.920 is success diagrams.
00:31:06.620 So what is
00:31:07.260 a success diagram?
00:31:09.000 So a success diagram
00:31:10.060 is where you map out
00:31:11.100 everything that has
00:31:11.740 to go right
00:31:12.300 in order for you
00:31:12.900 to accomplish a goal.
00:31:13.920 And I know that's
00:31:14.420 a little bit challenging
00:31:15.220 in an audio format,
00:31:16.360 but you just painted,
00:31:17.560 I think,
00:31:17.680 a really good picture
00:31:18.340 for us.
00:31:19.340 It's everything
00:31:19.980 that has to go right
00:31:20.820 just lined up
00:31:21.800 one after the other.
00:31:23.200 And then ultimately
00:31:23.780 at the end,
00:31:24.420 you can multiply those out
00:31:25.720 and get a sense
00:31:26.160 of your odds of success.
00:31:27.380 And what I do
00:31:27.860 is beneath each thing
00:31:28.820 that has to go right,
00:31:29.940 I write down
00:31:30.680 the potential bad outcomes
00:31:32.020 that I can imagine
00:31:32.720 happening instead
00:31:33.780 of what I want.
00:31:34.680 So in the context
00:31:35.260 of the marathon example,
00:31:36.240 we made up a few
00:31:37.240 for the idea of training
00:31:38.960 that it could be raining
00:31:40.200 on a day when I have to train.
00:31:41.460 I might lose my motivation.
00:31:42.720 I might deal
00:31:43.140 with shin splints.
00:31:44.840 I put those beneath each,
00:31:46.540 I call them critical points,
00:31:47.580 but each of these
00:31:48.040 prerequisite steps
00:31:49.040 on the path to success.
00:31:50.860 And then the probability
00:31:51.700 hacking framework
00:31:52.520 is really just the very fun,
00:31:54.960 creative opportunity
00:31:56.180 to try to systematically
00:31:57.540 de-risk our goals.
00:31:59.020 What can I do
00:31:59.620 to make each of those
00:32:00.460 bad outcomes
00:32:01.240 less likely to happen?
00:32:03.100 If I think that it might rain
00:32:04.620 on a day when I have to train,
00:32:06.360 what can I do about that?
00:32:07.760 Maybe I need a gym membership
00:32:08.820 for the next 90 days
00:32:09.920 so that I'll have
00:32:10.560 an alternative place to train.
00:32:11.960 Maybe I need a treadmill
00:32:12.980 in my house.
00:32:13.960 If I'm worried about
00:32:14.760 a lack of motivation,
00:32:16.120 what can I do about that?
00:32:17.100 Maybe I need a running partner,
00:32:18.120 somebody who could
00:32:18.480 hold me accountable,
00:32:19.560 help me get through
00:32:20.400 this maybe demanding season.
00:32:21.900 If I'm worried about
00:32:23.100 family or work
00:32:24.540 swamping my schedule,
00:32:26.180 what can I do about that?
00:32:27.520 Well, maybe I have
00:32:28.480 an opportunity to train
00:32:29.760 first thing in the morning
00:32:30.560 before those things
00:32:31.480 can all go wrong.
00:32:33.000 Maybe I need to buy
00:32:33.820 an extra pair of running shoes
00:32:35.200 and keep those in my car
00:32:36.600 so that if I get a gap
00:32:38.080 in my schedule,
00:32:38.600 I'll be able to get out there
00:32:39.560 and do this work.
00:32:41.060 So you go through
00:32:42.180 step by step,
00:32:43.600 potential bad outcome
00:32:44.440 by potential bad outcome,
00:32:45.700 trying to make each of those
00:32:47.140 risks as unlikely as possible.
00:32:49.280 And I want to, again,
00:32:49.940 just demonstrate
00:32:50.560 the opportunity here.
00:32:51.700 When we thought
00:32:52.080 we had a 70% chance
00:32:53.320 of accomplishing
00:32:53.900 each of these three things,
00:32:55.360 our odds were 34%.
00:32:56.960 Let's say that
00:32:57.940 after this creative work
00:32:59.280 of probability hacking,
00:33:00.740 we think there's a 90% chance
00:33:01.920 we'll eat the way
00:33:02.420 we're supposed to
00:33:03.020 and a 90% chance
00:33:03.960 we'll sleep the way
00:33:04.480 we're supposed to.
00:33:05.120 A 90% chance
00:33:05.880 we'll train the way
00:33:06.500 we're supposed to.
00:33:07.460 That's a 73% chance
00:33:08.760 of success.
00:33:09.400 We've just taken
00:33:10.220 something that was
00:33:11.020 predicted to fail
00:33:11.880 and turned it into
00:33:12.840 something that was
00:33:13.360 predicted to succeed.
00:33:14.700 And we didn't do that
00:33:15.540 by really committing
00:33:17.040 and really digging deep
00:33:18.380 and saying,
00:33:18.940 I'm going to run
00:33:19.600 this marathon.
00:33:20.420 That's not going
00:33:21.140 to prevent the rain,
00:33:22.080 but there are
00:33:22.800 some strategic steps
00:33:23.760 we can take
00:33:24.380 to prepare for that,
00:33:25.640 to respond to that,
00:33:26.660 and to improve our odds.
00:33:28.020 All right,
00:33:28.140 so this is all about
00:33:28.840 considering,
00:33:29.860 here are all the things
00:33:30.940 that are going to
00:33:31.420 have to go right.
00:33:32.420 And then for each
00:33:33.480 one of those things,
00:33:34.700 here's the potential
00:33:35.840 bad outcomes
00:33:36.700 that could keep us
00:33:37.860 from getting what we want.
00:33:39.520 And you just talked
00:33:40.460 about an example
00:33:41.500 where you put real numbers
00:33:42.780 to certain outcomes.
00:33:43.720 And that's something
00:33:44.680 you can do to ballpark
00:33:46.580 the probabilities of things
00:33:48.180 based on all your
00:33:49.820 specific personal circumstances.
00:33:52.420 And sometimes you can do
00:33:53.380 research for statistics
00:33:54.880 for the probabilities
00:33:55.960 of things like,
00:33:56.680 you know,
00:33:56.820 starting a successful restaurant.
00:33:58.400 But some of our goals
00:33:59.700 are so personal
00:34:00.960 that you're not going
00:34:02.680 to find outside numbers
00:34:04.040 for it.
00:34:04.600 You're not going to be able
00:34:05.320 to peg the probabilities
00:34:06.460 exactly.
00:34:07.280 But this framework
00:34:08.100 still works to increase
00:34:09.220 your chances for success.
00:34:10.560 So give us another
00:34:11.240 real world example
00:34:12.280 where you haven't put
00:34:13.600 exact numbers
00:34:14.480 the probabilities
00:34:15.220 of potential outcomes.
00:34:17.180 But you can still use
00:34:18.020 probability hacking
00:34:18.960 to increase your odds
00:34:20.080 of success.
00:34:21.060 Yeah.
00:34:21.360 What we just did
00:34:21.920 is something I call
00:34:22.400 a predictive hack.
00:34:23.520 But I also have in the book
00:34:24.760 what I call an easy hack
00:34:25.660 where it's not about
00:34:26.400 predicting our odds
00:34:27.320 of success.
00:34:28.340 Predictions aren't
00:34:28.980 going to be perfect.
00:34:29.740 I don't have a model
00:34:30.460 for you that's going
00:34:31.040 to give you perfect numbers.
00:34:32.380 And even if I did,
00:34:33.600 a 99% chance of success
00:34:35.320 still says you're going
00:34:36.820 to fail sometimes,
00:34:37.960 you know, not often,
00:34:38.620 but you're going
00:34:38.940 to fail sometimes.
00:34:40.020 And I give some examples
00:34:40.780 of people who have experienced
00:34:41.960 really unlikely failures.
00:34:43.600 I tell the story
00:34:44.240 of a client,
00:34:44.920 Marianne Roach-Smith,
00:34:45.760 who got this incredible
00:34:47.020 book deal,
00:34:47.960 did an amazing job
00:34:48.980 writing a book
00:34:49.520 that was so popular.
00:34:51.040 The day before
00:34:52.120 it was supposed
00:34:52.720 to be released,
00:34:53.700 it was number 32
00:34:54.860 in the entire Amazon store.
00:34:56.960 This book was poised
00:34:57.900 on pre-order
00:34:58.680 to be one of the biggest
00:34:59.800 books that have been
00:35:00.300 released in years.
00:35:01.580 The next day,
00:35:02.220 her book comes out.
00:35:03.460 She's headed to the dentist 0.90
00:35:04.320 when she gets a call
00:35:04.960 from her husband.
00:35:05.860 He's the editor
00:35:06.380 of a local newspaper.
00:35:07.800 He said,
00:35:08.080 turn on the television.
00:35:09.300 She turns on the TV
00:35:10.000 and she watched
00:35:10.680 as a plane crashed
00:35:11.720 into the World Trade Center.
00:35:12.600 She launched her book
00:35:13.920 on September 11th, 2001.
00:35:16.020 And at that point,
00:35:16.580 it didn't matter
00:35:17.120 that they were number 32
00:35:18.300 in the world
00:35:18.880 the day before.
00:35:19.960 All of a sudden,
00:35:20.540 the media was so consumed
00:35:21.920 by the news cycle
00:35:23.520 surrounding the terrorist attack
00:35:25.280 that there was no opportunity
00:35:26.380 to launch a book.
00:35:27.580 So having good odds
00:35:28.960 of success
00:35:29.340 doesn't guarantee success.
00:35:30.580 And that's why
00:35:31.040 sometimes it's appropriate
00:35:32.020 to even just take the numbers
00:35:32.940 out of the equation.
00:35:33.660 If we don't know
00:35:34.360 all of the steps
00:35:35.020 that we're going to have
00:35:35.520 to accomplish,
00:35:36.180 our numbers would be wrong anyway.
00:35:37.760 So let me give you
00:35:38.340 an easy hack example.
00:35:39.420 When I graduated from college,
00:35:41.520 I didn't want to start
00:35:42.720 with an entry-level position.
00:35:43.980 I just wasn't motivated by that.
00:35:45.740 I was 21 years old
00:35:46.960 and I decided
00:35:47.660 I was going to try
00:35:48.140 something really audacious.
00:35:49.360 I was going to apply
00:35:50.040 to become the product
00:35:50.980 development director
00:35:51.920 for a health organization.
00:35:53.800 If I got the job,
00:35:54.580 I was going to be managing people
00:35:55.700 in their 50s, 60s, and 70s.
00:35:57.400 People with PhDs
00:35:58.620 and master's degrees.
00:35:59.740 I was 21 years old.
00:36:00.580 I had a bachelor's degree
00:36:01.680 in business administration
00:36:03.000 from the University of Oklahoma.
00:36:04.740 Pretty ambitious goal.
00:36:06.100 Pretty ambitious goal.
00:36:06.960 I was interviewing against people
00:36:08.480 who had so much more experience
00:36:10.040 than I did.
00:36:11.060 But I used the same approach
00:36:12.280 and this was years
00:36:12.940 before I even started consulting.
00:36:14.300 I tried to identify
00:36:15.000 what are the potential bad outcomes
00:36:16.820 that could keep me
00:36:17.360 from getting this job?
00:36:18.640 The obvious one was
00:36:19.600 what if they look down on me
00:36:20.800 because they think I'm too young?
00:36:22.280 So I took a really simple step
00:36:23.940 in response to that.
00:36:24.720 I just grew a beard.
00:36:26.160 It wasn't anything magical.
00:36:27.480 It wasn't anything crazy.
00:36:28.540 I just grew a beard
00:36:29.500 so that I could look
00:36:30.540 significantly older
00:36:31.900 than I looked without a beard
00:36:33.240 to try to lessen
00:36:34.120 some of those concerns.
00:36:35.600 Another potential bad outcome
00:36:36.640 was they might not want to hire me
00:36:38.040 because of a perceived
00:36:38.920 lack of experience.
00:36:40.260 So I tried to change
00:36:41.300 the conversation away
00:36:42.700 from past experience.
00:36:44.220 What I actually did
00:36:44.780 is I wrote a book
00:36:45.820 of everything I was planning to do
00:36:47.820 to turn that department around
00:36:49.280 and make it as successful
00:36:50.520 as possible.
00:36:51.480 I got that book spiral bound.
00:36:53.280 I handed it out
00:36:53.920 to every person I met
00:36:54.800 on interview day.
00:36:55.900 And so we never talked about
00:36:57.100 my past experience.
00:36:58.480 We talked about here's my plan
00:36:59.620 for turning the department around.
00:37:01.060 And so they never really saw
00:37:02.340 these kind of glaring holes
00:37:04.080 in my resume
00:37:04.620 in the sense that
00:37:05.220 I was a recent college graduate.
00:37:06.640 I didn't misrepresent anything.
00:37:07.880 I just tried to change
00:37:08.980 the emphasis of the conversation.
00:37:10.720 A third thing that I did
00:37:11.440 was the concern
00:37:11.920 that I wasn't going to fit in
00:37:12.920 with these other team members
00:37:13.800 because they were so much
00:37:14.700 older than I was.
00:37:15.680 That was a potential bad outcome.
00:37:17.360 So I asked one of the members
00:37:18.660 of the team,
00:37:19.320 have you guys as a group
00:37:20.520 read any books lately?
00:37:22.000 And she told me three books
00:37:23.200 that they had read
00:37:23.880 as a department.
00:37:24.860 So I went and read
00:37:25.720 all three books.
00:37:27.020 And I remember one day
00:37:27.820 we had a group interview.
00:37:28.740 It was me and some other candidates.
00:37:30.020 They all had gray hair.
00:37:31.160 I was 21 years old.
00:37:32.620 And I was able to make
00:37:33.600 inside jokes
00:37:34.660 and speak the company's language
00:37:36.120 because I'd read the same books.
00:37:37.640 One of the books
00:37:38.020 was a book called
00:37:38.700 The Wuffy Factor. 0.78
00:37:39.660 It's about earning trust
00:37:40.860 or social capital
00:37:42.040 in the environment
00:37:43.920 in which you're competing.
00:37:45.440 And so, you know,
00:37:46.020 when I'm using words like Wuffy
00:37:47.320 and my competitors
00:37:48.460 are looking at me like,
00:37:49.560 what on earth
00:37:49.940 is he talking about?
00:37:50.720 And all of the internal
00:37:51.520 team members are laughing.
00:37:53.020 I knew that I had done
00:37:53.740 a pretty effective job
00:37:54.720 of hacking that potential
00:37:55.720 bad outcome.
00:37:56.700 The next morning
00:37:57.640 after that group interview,
00:37:58.680 I got an email
00:37:59.200 from the CEO
00:37:59.940 who I'd only met
00:38:00.660 very briefly,
00:38:01.780 but I'd given him a copy
00:38:02.680 of one of my spiral bound plans
00:38:04.480 because I'm crazy.
00:38:06.000 And he said,
00:38:06.980 you're the most prepared
00:38:07.740 candidate I've ever seen.
00:38:08.940 And I knew I had
00:38:09.760 a good shot after that.
00:38:10.680 I ultimately did get the job,
00:38:12.160 became the product
00:38:12.760 development director,
00:38:13.580 held that position
00:38:14.140 for several years.
00:38:15.260 It's one of the jobs
00:38:15.900 I was ultimately laid off from,
00:38:17.280 but it absolutely
00:38:18.140 positioned me
00:38:19.040 for a career
00:38:19.820 that I don't think
00:38:20.380 I ever would have had,
00:38:21.280 at least not as quickly
00:38:22.460 as I was able to have it
00:38:23.560 without that initial success.
00:38:26.100 Okay.
00:38:26.260 So yeah,
00:38:26.560 so a success diagram,
00:38:27.660 just kind of recap
00:38:28.360 here for our listeners.
00:38:29.360 You basically,
00:38:30.200 you establish your goal
00:38:31.780 and then you break that goal
00:38:32.800 into what you call
00:38:33.520 critical points.
00:38:34.340 Like these are sub goals.
00:38:35.960 And then underneath
00:38:36.920 each critical point
00:38:38.260 or sub goal,
00:38:38.860 you're going to list out
00:38:39.880 potential bad outcomes
00:38:41.340 for that sub goal.
00:38:42.700 That's exactly right.
00:38:43.680 And then once you have
00:38:44.300 that laid out,
00:38:45.040 I mean,
00:38:45.700 easy as you said,
00:38:46.380 you can just start looking
00:38:47.420 at the potential bad outcomes
00:38:48.640 and ask yourself,
00:38:49.340 what can I do to eliminate
00:38:50.540 or reduce this potential bad outcome?
00:38:52.640 And that's going to increase
00:38:54.060 the odds that this critical point
00:38:56.440 is going to be success.
00:38:57.800 As the odds of your bad outcomes
00:38:59.360 go down, 0.52
00:38:59.960 the odds of your good outcomes
00:39:01.020 go up and your overall chance
00:39:02.520 of succeeding
00:39:02.940 can change enormously.
00:39:04.600 So that's probability hacking.
00:39:05.840 That's probability hacking.
00:39:07.180 Yeah.
00:39:07.660 Well,
00:39:07.840 and then you also talk about
00:39:08.760 something else you can do
00:39:09.760 is not only look at
00:39:11.220 how you can eliminate
00:39:12.540 or reduce the potential bad outcomes
00:39:14.600 of each critical point,
00:39:15.800 but look for ways
00:39:17.400 you can strap a rocket
00:39:18.520 to a racehorse.
00:39:20.680 What does that look like?
00:39:22.120 Sure.
00:39:22.440 There is some truth in that.
00:39:24.000 Generally speaking,
00:39:24.840 the most reliable way
00:39:26.060 to change your odds of success
00:39:27.180 is to go look at
00:39:28.080 your potential bad outcomes.
00:39:29.040 That is generally going to be
00:39:30.600 the most reliable way
00:39:31.960 because that's almost
00:39:32.760 always going to work.
00:39:33.540 You're almost always going to have ways
00:39:34.740 to make bad outcomes
00:39:35.800 less likely.
00:39:37.080 However,
00:39:37.940 you also have an opportunity
00:39:38.940 kind of like I alluded to earlier
00:39:40.380 to design the plan as a whole
00:39:42.520 in a way that will optimize
00:39:43.580 your success.
00:39:44.760 So there might be
00:39:45.860 a prerequisite
00:39:46.700 where you need
00:39:47.680 a person's approval.
00:39:48.820 Let's use that again
00:39:49.500 because I gave that example earlier
00:39:50.700 and we think that we only have
00:39:51.920 a 10% chance of getting it.
00:39:53.200 That's meaning that
00:39:54.220 our overall odds of success
00:39:55.480 with this current path
00:39:56.680 are terrible.
00:39:57.420 They're less than 10%
00:39:58.400 because we have to have
00:39:59.040 this person's approval
00:39:59.680 and we don't think
00:40:00.140 we're going to get it.
00:40:01.140 So how do you strap a rocket
00:40:02.220 to a racehorse?
00:40:03.280 Well,
00:40:03.520 if we can design a path
00:40:04.840 to that goal
00:40:05.360 that does not require
00:40:06.440 that person's approval,
00:40:07.760 that's going to be really important.
00:40:09.200 Is there another way
00:40:10.080 to get around that?
00:40:11.480 Or instead of thinking
00:40:12.720 through the bad outcomes,
00:40:13.940 why is this person likely
00:40:15.040 to reject my proposal?
00:40:16.380 That would certainly
00:40:16.860 be one way to do it.
00:40:18.020 There may be an opportunity
00:40:18.980 to kind of circumvent that
00:40:20.260 and just make a deal
00:40:21.420 with the person.
00:40:22.000 If you back my proposal here,
00:40:23.900 I'll back this thing
00:40:24.920 that you're interested in
00:40:25.900 in the future.
00:40:27.060 In that case,
00:40:27.760 the bad outcomes
00:40:28.600 aren't given an opportunity
00:40:29.880 to materialize
00:40:30.660 because you just sort of
00:40:31.360 took them off the table.
00:40:32.420 There wasn't really
00:40:33.020 an opportunity
00:40:33.820 to reject the proposal.
00:40:35.140 You made the conversation
00:40:36.320 about something
00:40:36.940 mutually beneficial.
00:40:38.720 That's another useful aspect
00:40:40.040 of probability hacking
00:40:41.140 because not only can you see
00:40:42.060 how you can eliminate
00:40:43.360 the risk
00:40:44.460 or reduce
00:40:44.880 the potential bad outcomes,
00:40:46.640 you can look at your plan
00:40:48.420 and figure out,
00:40:49.400 well,
00:40:49.440 how can I rearrange things
00:40:50.840 so that my odds go up?
00:40:52.620 I think it's a great...
00:40:53.100 It'll help you determine
00:40:55.520 whether you should
00:40:56.120 even pursue the goal.
00:40:57.380 Oh, 100%.
00:40:57.900 If there's a prerequisite
00:40:58.960 that's like,
00:40:59.540 yeah,
00:40:59.760 that's just not going to happen,
00:41:01.460 it's like,
00:41:01.700 well,
00:41:01.840 maybe I don't pursue this goal.
00:41:03.360 Yeah,
00:41:03.620 or maybe I try that step first.
00:41:04.920 Yeah,
00:41:05.100 even though you could do
00:41:05.840 all the other stuff,
00:41:06.740 right?
00:41:07.640 Totally.
00:41:08.100 I think a lot of people
00:41:08.980 who are frustrated
00:41:10.900 with some of the results
00:41:11.680 they've gotten in life
00:41:12.660 are people who pursued a goal
00:41:13.980 that probably did not
00:41:14.840 have high odds of success.
00:41:16.740 They did it anyway.
00:41:17.980 They didn't really try
00:41:18.740 to front load
00:41:19.360 the riskier steps.
00:41:20.640 In many cases,
00:41:21.460 we actually avoid the steps
00:41:23.000 that we're most scared of.
00:41:24.400 And so only after
00:41:25.320 they'd invested
00:41:26.060 significant amounts
00:41:26.920 of time and money
00:41:27.780 did they get to the steps
00:41:29.020 where they were unlikely
00:41:30.140 to ultimately be able
00:41:31.840 to continue forward.
00:41:33.080 And the losses
00:41:33.880 that come from that
00:41:34.860 can be detrimental
00:41:35.720 to our lives for years.
00:41:37.080 And so it's really important
00:41:38.320 certainly to optimize
00:41:39.120 your odds of success.
00:41:40.460 Also to, again,
00:41:41.480 front load the steps
00:41:42.700 that are unlikely to work
00:41:43.740 if you have the opportunity
00:41:44.820 to do that.
00:41:46.060 And then to some extent,
00:41:47.280 you know,
00:41:47.460 choose our goals strategically.
00:41:48.560 If somebody told me
00:41:49.360 they were trying
00:41:49.700 to cure cancer,
00:41:50.560 I probably wouldn't
00:41:51.320 talk them out of that.
00:41:52.040 I think that's a great thing.
00:41:53.340 But if you're just choosing
00:41:53.980 between should I start
00:41:54.820 company A or company B,
00:41:56.900 I want you to start
00:41:57.580 the company
00:41:57.900 that's more likely
00:41:58.420 to be successful.
00:41:59.940 So you've been working
00:42:00.520 with clients
00:42:01.540 doing consultant work
00:42:02.680 and you're doing
00:42:03.720 this success diagramming
00:42:05.380 with them.
00:42:06.200 Are there examples
00:42:07.160 from your own line of work
00:42:08.580 where you saw people
00:42:09.980 who had the same talent
00:42:11.120 or opportunity
00:42:11.800 but then one hacked
00:42:13.580 their odds
00:42:14.160 while the other didn't?
00:42:16.440 Yeah,
00:42:16.840 I'd be a little bit hesitant
00:42:17.780 to like kind of pit clients
00:42:19.020 against each other
00:42:19.720 but I can tell you
00:42:20.260 something that happened
00:42:20.820 recently that I think
00:42:21.640 is a really good picture
00:42:22.800 of this framework in action
00:42:24.380 because again,
00:42:24.780 it all starts
00:42:25.420 with a success diagram.
00:42:26.560 It all starts
00:42:27.020 with getting a bird's eye view
00:42:28.320 of here's what's going
00:42:29.340 to have to happen
00:42:30.020 for me to be successful
00:42:31.180 and realizing
00:42:32.060 that I have an opportunity
00:42:32.840 to take ownership
00:42:33.640 and change my odds.
00:42:35.360 So recently,
00:42:35.760 I was hired by a non-profit
00:42:37.540 that does incredible work
00:42:39.240 helping the victims
00:42:40.140 of human trafficking,
00:42:41.320 of homelessness,
00:42:42.120 of addiction,
00:42:42.800 hunger,
00:42:43.200 poverty.
00:42:44.160 They're in a part of the country
00:42:45.000 that has a tremendous
00:42:45.620 amount of need.
00:42:46.280 It takes around $25 million
00:42:48.600 a year for them
00:42:49.440 to do this work
00:42:50.200 and about half of that money
00:42:51.460 comes in through
00:42:51.940 their thrift stores.
00:42:52.880 They're able to subsidize it
00:42:53.880 through thrift stores
00:42:54.480 that they own
00:42:54.840 which is really cool.
00:42:56.000 The other half comes in
00:42:57.040 through donations
00:42:57.820 and they had noticed
00:42:59.180 a decline in their donations
00:43:00.520 and they blamed it
00:43:01.760 on the belief that
00:43:02.500 the newsletters
00:43:03.700 they were sending out
00:43:04.340 were becoming less effective.
00:43:05.560 People were getting bored
00:43:06.320 with it.
00:43:06.740 They thought the content
00:43:07.400 was stale.
00:43:08.480 So they hired
00:43:09.140 different consultants
00:43:10.100 to come in
00:43:10.660 and try to revamp it
00:43:11.640 and finally,
00:43:12.300 they turned to me.
00:43:13.440 When I got brought in
00:43:14.640 really with the goal
00:43:15.260 of creating a new content strategy,
00:43:17.120 I did what I always do.
00:43:18.620 I diagrammed out
00:43:19.700 what's everything
00:43:20.320 that has to go right
00:43:21.260 for someone to go
00:43:22.020 from subscriber
00:43:23.060 to regular donor
00:43:24.300 for this ministry.
00:43:26.080 And one of the things
00:43:26.700 that was immediately obvious
00:43:27.740 is people need
00:43:28.600 to actually receive
00:43:29.520 the emails.
00:43:30.240 If there's anything
00:43:30.780 that's causing them
00:43:31.600 to not get the email
00:43:33.060 where we need them
00:43:33.720 to receive it,
00:43:34.540 then it's not going to matter
00:43:35.300 how good the content is.
00:43:36.760 So I did some digging
00:43:37.500 and found that there was actually
00:43:38.720 a glitch in their technical setup
00:43:40.600 that was causing emails 0.68
00:43:41.540 to go to spam
00:43:42.300 for a lot of people
00:43:43.300 and it was a different inbox
00:43:44.920 than what the team was using
00:43:45.940 so they didn't know that.
00:43:46.880 They didn't realize
00:43:47.460 that a huge percentage
00:43:48.260 of their emails
00:43:48.720 were going to spam.
00:43:50.000 I fixed that
00:43:50.780 and the content
00:43:51.620 that they were already creating,
00:43:53.020 already sending out,
00:43:54.340 finally reached people
00:43:55.240 and they were able
00:43:55.860 to start to turn around
00:43:56.780 this decline in donations
00:43:57.940 that they had seen.
00:43:59.080 So anytime you're hacking
00:44:00.520 your odds of success,
00:44:01.500 there's certainly cases
00:44:02.500 in competitive goals
00:44:03.540 where you have an opportunity
00:44:05.100 to kind of head-to-head
00:44:06.560 outmaneuver someone else
00:44:07.620 through your probability hacking.
00:44:08.880 I can give some examples of that.
00:44:10.680 But in the context
00:44:11.160 of my client work,
00:44:12.000 it's usually about
00:44:13.160 what is ultimately keeping us
00:44:15.020 from accomplishing what we want
00:44:16.160 and a lot of times
00:44:16.820 it's not necessarily
00:44:17.520 the thing that I'm getting hired
00:44:18.520 to fix.
00:44:19.200 I go find it anyway.
00:44:20.920 Well, you talk about
00:44:21.580 using probability hacking
00:44:22.840 in competitive head-to-head games
00:44:25.420 and this is reverse probability hacking.
00:44:27.720 Yeah.
00:44:27.980 What is that?
00:44:29.220 Yeah, so reverse probability hacking,
00:44:30.600 we'll start with the default.
00:44:32.820 In probability hacking,
00:44:33.700 I'm trying to make
00:44:34.320 my potential bad outcomes
00:44:35.900 as unlikely as possible.
00:44:37.620 In reverse probability hacking,
00:44:38.960 I'm trying to make
00:44:39.640 my competitors'
00:44:40.620 potential bad outcomes
00:44:41.700 as likely as possible.
00:44:43.320 I'm trying to bring
00:44:44.060 those bad outcomes to life.
00:44:45.860 I give a couple of examples
00:44:47.000 in the book.
00:44:47.520 One is in the world
00:44:48.460 of competitive swimming
00:44:49.300 when these super suits,
00:44:51.160 as they were sometimes called,
00:44:52.220 came out.
00:44:53.060 These new swimsuits
00:44:53.940 were designed
00:44:54.420 that were incredibly aerodynamic.
00:44:57.220 And as a result of that,
00:44:58.120 all of these world records
00:44:59.200 were falling.
00:45:00.240 And there was a period of time
00:45:01.460 where most of the top athletes
00:45:03.140 were arguing
00:45:03.760 that the ability
00:45:04.880 to win a gold medal
00:45:05.760 and the ability
00:45:06.580 to set world records
00:45:08.140 had in large part
00:45:10.320 more to do
00:45:10.860 with the swimsuit
00:45:11.460 you were wearing
00:45:12.140 than how talented you were.
00:45:13.480 And I would totally call
00:45:14.460 that an example
00:45:14.980 of probability hacking.
00:45:16.100 There were people
00:45:16.560 who found a way
00:45:17.740 to minimize resistance
00:45:18.680 in the water
00:45:19.200 and all of a sudden
00:45:20.260 athletes who maybe
00:45:21.100 were more physically gifted,
00:45:22.660 people who were more used
00:45:23.760 to winning these races
00:45:24.880 and setting these records
00:45:25.980 found themselves
00:45:26.880 on the wrong side.
00:45:28.280 There was a really
00:45:28.660 interesting season
00:45:29.500 at the World Championships,
00:45:30.580 I think it was in 2009,
00:45:31.760 where some of the athletes
00:45:32.720 felt so disadvantaged
00:45:33.700 by the swimsuit companies
00:45:34.900 they had contracts with
00:45:36.000 that they were putting
00:45:36.900 duct tape over the logos
00:45:38.620 of other companies' swimsuits
00:45:40.320 so that they could try
00:45:41.520 to get away with swimming
00:45:42.360 in what they saw
00:45:43.100 as a faster suit
00:45:44.080 without potentially being sued
00:45:46.080 or fined by their sponsors.
00:45:48.020 So that would be one example.
00:45:49.020 But another one
00:45:49.760 that I talk about in the book
00:45:50.660 is in 2012,
00:45:52.060 the presidential election.
00:45:53.840 So not getting into politics here,
00:45:55.720 certainly a less divisive
00:45:57.160 political time
00:45:57.860 over 10 years ago.
00:45:59.140 But when Barack Obama
00:46:00.380 ran against Mitt Romney,
00:46:01.800 Mitt Romney was very wealthy,
00:46:03.060 very successful businessman.
00:46:04.100 And one of the real
00:46:05.260 perceived potential
00:46:06.160 bad outcomes for him,
00:46:07.220 both by his own team
00:46:08.200 and by the Obama campaign team,
00:46:09.860 was people might see him
00:46:11.040 as out of touch
00:46:11.720 because of how much money he had,
00:46:12.960 especially in some
00:46:13.640 of the blue collar states
00:46:14.520 where he really needed to compete.
00:46:16.200 So the Obama campaign
00:46:17.460 very strategically
00:46:18.240 did everything they could
00:46:19.420 to further the argument
00:46:20.860 that he was so wealthy
00:46:21.880 that he was going to be
00:46:22.620 out of touch
00:46:23.220 with middle class Americans.
00:46:24.580 And he only won,
00:46:25.620 I believe it was one
00:46:26.380 out of nine battleground states.
00:46:28.320 So many people would argue
00:46:29.440 that that was a successful example
00:46:31.200 of reverse probability hacking.
00:46:33.080 Yeah, I went to law school.
00:46:33.920 I have a law background
00:46:34.760 and you'd see this sort of thing,
00:46:37.400 sort of,
00:46:37.620 it's basically gamemanship
00:46:38.640 is what you're doing.
00:46:39.620 Sure.
00:46:39.980 You see this in lawsuits,
00:46:41.100 you know,
00:46:41.780 when an opposing party
00:46:43.100 makes a discovery request,
00:46:44.860 well, instead of giving them
00:46:46.200 exactly what they wanted,
00:46:47.480 like you just dump
00:46:48.360 as much stuff on them
00:46:50.160 as possible.
00:46:51.080 So they got to spend money
00:46:52.580 and time sorting through
00:46:54.640 all this documentation.
00:46:56.400 And the goal was
00:46:57.820 just to muck things up
00:46:59.200 for them as much as possible.
00:47:01.160 And it sounds like
00:47:02.500 that's an example
00:47:03.120 of reverse probability hacking.
00:47:05.220 Yeah, I think it is.
00:47:05.720 A potential bad outcome
00:47:06.580 for those people
00:47:07.220 is missing a key insight
00:47:08.680 in the discovery process.
00:47:09.760 And you've increased
00:47:11.000 the odds of that happening.
00:47:12.100 Yeah.
00:47:12.600 How can you use
00:47:13.800 probability hacking
00:47:14.880 and success diagrams
00:47:15.980 to know when you should
00:47:17.260 quit a goal?
00:47:18.860 Yeah, so this is fairly intuitive.
00:47:20.240 But if you have a good sense
00:47:21.400 of what needs to go right
00:47:22.400 in order to accomplish your goal,
00:47:23.820 and you've been able
00:47:24.420 to make estimates
00:47:25.040 that you feel good about
00:47:26.100 when it comes to
00:47:27.020 each of these steps
00:47:28.320 that you're going to have
00:47:29.060 to accomplish.
00:47:30.080 And again,
00:47:30.480 the success diagram process
00:47:32.040 is designed to really
00:47:33.060 be a gut check for that.
00:47:34.460 This is a similar tool
00:47:35.480 to what leading forecasters
00:47:36.580 use to predict world events.
00:47:37.960 But forcing a person
00:47:39.060 to reckon with,
00:47:39.840 here's all the things
00:47:40.600 that are going to have to go right.
00:47:41.780 We're going to stop
00:47:42.440 and really consider
00:47:43.100 what those things are.
00:47:44.160 For each one of those things,
00:47:45.280 here's the potential bad outcomes
00:47:46.720 that could keep us
00:47:47.460 from getting what we want.
00:47:48.960 And the odds of all
00:47:49.760 of those potential bad outcomes,
00:47:51.500 plus the odd of the good outcome,
00:47:52.780 have to add up to 100%, right?
00:47:54.380 The good outcome
00:47:54.960 can only be what's left over
00:47:56.640 after we've accounted
00:47:57.660 for all the bad outcomes.
00:47:59.060 When you do that,
00:47:59.940 you get a more reliable understanding
00:48:01.400 of how likely you are
00:48:02.380 to accomplish a goal.
00:48:03.700 So then you try
00:48:04.260 to probability hack.
00:48:05.220 You try to creatively
00:48:05.960 and systematically
00:48:07.060 de-risk your goal.
00:48:08.300 You try to take out
00:48:09.000 those bad outcomes
00:48:09.840 as much as you can.
00:48:11.420 And if at the end of it,
00:48:12.280 you still don't like
00:48:13.020 your odds of success,
00:48:14.500 then you should really consider
00:48:16.160 potentially pivoting
00:48:16.980 to a different goal.
00:48:18.020 And that doesn't mean
00:48:18.900 that you're never going to be able
00:48:20.180 to accomplish that goal.
00:48:21.240 I think that's one of the biggest things
00:48:22.240 that I try to emphasize.
00:48:23.260 Well, there's two things.
00:48:24.060 One is, again,
00:48:24.780 a success diagram
00:48:25.460 is a path to a goal.
00:48:26.500 It's possible
00:48:27.200 that you can find another path
00:48:28.340 to the same goal.
00:48:29.200 Maybe you're not going to be able
00:48:30.020 to accomplish it with this plan,
00:48:31.560 but there might be
00:48:31.980 a totally different plan.
00:48:33.100 So before you waste
00:48:34.160 a lot of time and money
00:48:35.040 trying to do
00:48:35.860 what you've laid out,
00:48:36.920 see if there's a better way
00:48:37.680 to get that done.
00:48:38.500 But if you can't think of anything
00:48:39.940 and you ask for input,
00:48:41.360 one of the great things
00:48:42.080 about a success diagram
00:48:42.860 is it's visual.
00:48:44.020 So you can show it
00:48:44.600 to other people
00:48:45.140 and they can look at it
00:48:46.060 and they can give you feedback.
00:48:47.340 But if you can't find
00:48:48.180 a way to break through,
00:48:49.000 your odds still look bad,
00:48:50.520 then I would encourage you
00:48:51.280 to consider pursuing
00:48:52.160 a different goal.
00:48:53.200 But here's what
00:48:53.700 I would tell you to do.
00:48:54.600 And I think this is
00:48:55.140 so incredibly important.
00:48:56.200 Don't throw that diagram away.
00:48:57.940 That diagram is a blueprint
00:49:00.660 for what you're going to need
00:49:02.240 for your odds
00:49:02.860 to one day change.
00:49:04.100 I think about that
00:49:05.100 in the context of
00:49:06.280 ultimately getting
00:49:06.920 this book published.
00:49:07.700 That was a goal
00:49:08.400 that I had
00:49:08.840 since I was a child.
00:49:09.900 It's a weird memory,
00:49:11.040 but as I recall it,
00:49:12.540 I was leaving
00:49:13.260 my great-grandfather's funeral
00:49:14.940 when my mother asked me,
00:49:16.800 what do you want to do
00:49:17.200 when you grow up?
00:49:17.780 That's how I remember it.
00:49:18.580 I could be wrong.
00:49:19.560 But she said,
00:49:20.140 what do you want to do
00:49:20.500 when you grow up?
00:49:20.880 And I said,
00:49:21.100 I want to be a writer.
00:49:21.620 And I remember that,
00:49:22.740 I think I was like 11 at the time.
00:49:24.140 It was a long, long time ago
00:49:25.320 that this happened.
00:49:26.360 I'm in my mid-30s now.
00:49:28.540 So it took 25 years
00:49:31.280 for me to ultimately accomplish
00:49:32.800 the goal of writing a book,
00:49:34.580 but the goal never left.
00:49:35.820 I knew what I was going to need.
00:49:37.000 I was going to need an agent.
00:49:38.260 I was going to need
00:49:38.720 an audience of people
00:49:39.720 I could sell books to.
00:49:41.040 I was going to need a message.
00:49:42.360 I was going to need
00:49:43.020 some credentials,
00:49:44.320 like being a writer
00:49:45.020 for Harvard Business Review
00:49:46.060 and Forbes
00:49:46.580 and Fast Company
00:49:47.260 and Psychology Today.
00:49:48.100 Those are certainly things
00:49:48.980 that gave me credibility
00:49:50.220 in a publishing house's eyes.
00:49:51.620 And so because I knew that,
00:49:52.820 I was able to very leisurely
00:49:54.900 almost collect those advantages
00:49:56.580 over time
00:49:57.440 to bring this childhood dream to life.
00:49:59.560 So if it is time to quit a goal,
00:50:01.160 if the odds look bad,
00:50:02.640 don't think of it as quitting it.
00:50:03.900 Think of it as pausing it.
00:50:05.180 Keep that diagram around.
00:50:06.460 And as you live your life,
00:50:07.540 look for ways
00:50:08.200 to rack up advantages
00:50:09.680 in the same way
00:50:10.540 that maybe an underleveled character
00:50:12.100 in a video game
00:50:13.120 might go complete
00:50:14.280 some side quests
00:50:15.160 before they come back
00:50:15.960 to fight the really big boss.
00:50:17.700 You have an opportunity
00:50:18.600 to do that with your goals.
00:50:19.700 I love that.
00:50:20.560 One tip you mentioned,
00:50:21.660 this came from Annie Duke.
00:50:22.940 Yeah.
00:50:23.200 We had her on the podcast
00:50:23.980 a while back.
00:50:25.140 Instead of vaguely asking,
00:50:26.980 do I think this will happen or not?
00:50:29.100 Ask yourself,
00:50:30.140 would you bet on this?
00:50:31.620 And Annie says,
00:50:32.780 as soon as you start thinking
00:50:33.900 in terms of bets,
00:50:35.100 you're reminded
00:50:36.220 that each decision
00:50:37.460 has a risk
00:50:38.660 and it forces you
00:50:39.280 to think less vaguely.
00:50:40.520 It's like, okay,
00:50:41.280 you think this is going to happen.
00:50:43.120 Well, how sure are you?
00:50:44.920 I mean, would you bet on it?
00:50:46.300 And how much money
00:50:47.380 would you bet on it?
00:50:48.080 So it pushes you
00:50:49.140 to be a bit more honest
00:50:50.400 with your probabilities.
00:50:51.680 Yeah, absolutely.
00:50:52.780 As I recall,
00:50:53.800 the Annie Duke book
00:50:55.200 Thinking and Bets 0.98
00:50:56.080 includes a section
00:50:57.080 where she references a study
00:50:58.200 where a group of scientists
00:50:59.720 were asked to make predictions
00:51:01.040 on certain outcomes.
00:51:02.640 And then the next time
00:51:03.260 they were asked
00:51:03.720 to make predictions
00:51:04.340 with some hypothetical money.
00:51:06.160 They were supposed to place bets.
00:51:07.600 And I don't even think
00:51:08.020 it was real money.
00:51:08.740 I think it was hypothetical money.
00:51:10.140 But as I recall,
00:51:10.980 the study found
00:51:11.520 that they were more accurate
00:51:12.680 when they had
00:51:13.600 even this imaginary money
00:51:14.840 on the line.
00:51:15.960 Again, it's a gut check.
00:51:16.880 It forces you to stop
00:51:17.880 and really do business
00:51:18.820 with the things
00:51:19.900 that might go wrong.
00:51:21.180 If there was one thing
00:51:22.000 that people could start doing today
00:51:23.600 to start probability hacking,
00:51:25.640 what would it be?
00:51:26.680 Think negative.
00:51:27.660 Think negative.
00:51:28.360 Everybody's telling you
00:51:28.940 to think positive.
00:51:29.940 You know, I think about
00:51:30.440 like the Pixar movie
00:51:31.340 Inside Out 2.
00:51:32.260 There's the scene
00:51:32.800 where anxiety is sending up
00:51:34.780 all of these potential
00:51:35.620 bad outcomes.
00:51:36.980 And to some extent,
00:51:38.040 they're kind of dismissive of them.
00:51:39.580 It's like,
00:51:39.900 well, don't think like that.
00:51:41.620 No, I say do think like that.
00:51:42.600 But don't wallow in despair and fear.
00:51:45.660 Instead, just really practically
00:51:47.380 list out the things
00:51:48.760 that could go wrong
00:51:49.380 and do everything you can
00:51:50.300 to make those less likely.
00:51:51.680 I don't think that it's a problem
00:51:53.240 to stop and really visualize
00:51:54.980 the risks associated
00:51:56.860 with our goals
00:51:57.740 unless we're just going to,
00:51:59.960 you know,
00:52:00.300 let that cause us
00:52:01.380 to give in to discouragement.
00:52:02.360 It doesn't need to.
00:52:03.260 We have an opportunity
00:52:04.060 to respond proactively.
00:52:06.060 So when you think negatively,
00:52:07.420 when you recognize
00:52:08.260 that sort of like how matter,
00:52:10.400 you know,
00:52:10.580 it cannot be created or destroyed
00:52:12.080 as we've traditionally understood it.
00:52:13.760 Your odds of success,
00:52:15.120 you can't add to your odds of success.
00:52:16.560 You have to go take those odds
00:52:18.540 from your potential bad outcomes.
00:52:20.180 And when you do that consistently
00:52:21.920 in the context of one goal,
00:52:23.660 it can change your outcome.
00:52:24.840 Over the context of several goals,
00:52:26.460 it can change your career.
00:52:27.900 And over the context
00:52:28.460 of a lifetime of goals,
00:52:29.440 it can even change your legacy.
00:52:31.280 Well, Kyle,
00:52:31.460 it's been a great conversation.
00:52:32.500 Where can people go
00:52:33.060 to learn more about the book
00:52:33.960 and your work?
00:52:34.760 Sure, you can find the book,
00:52:35.820 you know,
00:52:36.160 anywhere books are sold.
00:52:37.020 You can find it on Amazon,
00:52:37.860 find it on Barnes & Noble.
00:52:38.940 You can find it
00:52:39.640 on the Penguin Random House website.
00:52:41.320 You are more than welcome
00:52:42.480 to come to my website,
00:52:43.820 kyleaustinyoung.com.
00:52:45.260 That's a place
00:52:45.680 where we can route you out
00:52:46.800 to a lot of those retailers.
00:52:48.340 If you want to connect with me,
00:52:49.100 please also consider
00:52:49.980 reaching out on LinkedIn,
00:52:51.200 Kyle Austin Young.
00:52:52.160 Fantastic.
00:52:52.600 Well, Kyle Young,
00:52:52.980 thanks for your time.
00:52:53.320 It's been a pleasure.
00:52:54.040 Thank you.
00:52:54.520 Enjoyed it.
00:52:56.020 My guest,
00:52:56.500 it was Kyle Austin Young.
00:52:57.600 He's the author of the book,
00:52:58.700 Success is a Numbers Game.
00:53:00.020 It's available on amazon.com.
00:53:01.700 You can learn more information
00:53:02.540 about his work
00:53:02.960 at his website,
00:53:03.720 kyleaustinyoung.com.
00:53:05.360 Also check out our show notes
00:53:06.320 at aom.is
00:53:07.220 slash probability hacking
00:53:08.440 where you find links
00:53:09.140 to resources
00:53:09.720 where you delve deeper
00:53:10.380 into this topic.
00:53:10.960 Well, that wraps up
00:53:19.900 another edition
00:53:20.540 of the AOM podcast.
00:53:21.640 Make sure to check out
00:53:22.220 our website
00:53:22.600 at artofmanliness.com
00:53:23.680 where you find our podcast archives.
00:53:25.400 And while you're there,
00:53:26.100 sign up for our
00:53:26.640 Art of Manliness newsletter.
00:53:27.960 We've got two options.
00:53:28.960 It's a daily
00:53:29.440 and a weekly digest.
00:53:30.820 They're both free.
00:53:31.860 It's the best way
00:53:32.560 to stay on top
00:53:33.020 of what's going on at AOM.
00:53:34.660 And if you've done this already,
00:53:35.760 I'd appreciate it
00:53:36.420 if you take one minute
00:53:37.060 to give you another podcast
00:53:38.060 or Spotify.
00:53:38.740 It helps out a lot.
00:53:39.540 And if you've done that already,
00:53:40.440 thank you.
00:53:41.200 Please consider sharing the show
00:53:42.260 with a friend or fan member
00:53:43.120 who would think
00:53:43.600 of something out of it.
00:53:44.700 As always,
00:53:45.500 thank you for the continued support.
00:53:46.480 Until next time,
00:53:46.920 it's Brett McKay.
00:53:47.920 Remind us on the AOM podcast
00:53:49.200 to put what you've heard
00:53:50.400 into action.
00:54:08.560 Before you go,
00:54:09.540 here's another one
00:54:10.140 to queue up next.
00:54:10.920 I talked to Ben Aldridge
00:54:12.140 about his book,
00:54:12.940 Seriously Happy,
00:54:13.660 where he takes the big ideas
00:54:14.760 from ancient philosophies
00:54:15.660 like Buddhism,
00:54:16.880 cynicism,
00:54:17.560 stoicism,
00:54:18.080 and turns them
00:54:19.180 into real,
00:54:20.240 doable challenges
00:54:20.960 for becoming a better,
00:54:22.320 happier person.
00:54:23.660 We get into everything
00:54:24.380 from cultivating virtue
00:54:25.320 to walking a banana
00:54:26.380 and taking a wu-wei adventure.
00:54:28.400 It's fun,
00:54:29.380 practical,
00:54:30.020 and surprisingly deep.
00:54:31.440 You can check it out
00:54:32.120 at aom.is
00:54:33.440 slash seriously happy.
00:54:35.280 Again,
00:54:35.560 that's awim.is
00:54:36.800 slash seriously happy.
00:54:38.000 Thank you.