Forty years ago, Israeli psychologists Daniel Kahneman and Amos Tversky wrote a series of breathtakingly original papers that invented the field of behavioral economics. One of the greatest partnerships in the history of science, Kahneman and Tverskys extraordinary friendship incited a revolution in Big Data studies, advanced evidence-based medicine, led to a new approach to government regulation, and made much of Michael Lewiss own work possible. In The Undoing Project, Lewis shows how their Nobel Prizewinning theory of the mind altered our perception of reality....
|Title||:||The Undoing Project: A Friendship That Changed Our Minds|
|Number of Pages||:||368 pages|
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The Undoing Project: A Friendship That Changed Our Minds Reviews
The story of Daniel Kahneman and his erstwhile companion Amos Tversky, and their creation of the field of behavioral economics. This was informative and quirky--these guys kind of propounded all of these very provocative and innovative theories on their own!--but also very poignant and sad. I won't spoil it, but Amos really disappointed me with his calcifications toward the end. I don't know that it's fitting that Kahneman wound up winning the Nobel while Tversky did not, but hopefully it provid ...more
Amos Tversky and David Kahneman are psychologists who met in Israel in the 1960’s. Though very different in personality, they became very close friends and went on to collaborate in producing a number of papers concerning what came to be known as behavioural economics – or in layman’s terms, the psychology of judgement and decision making. In essence, they argued that departures in human rational thought can be predicted and its impacts calculated. To demonstrate this, they concocted numerous sc ...more
When Psychology strapped on its parachute and dropped into the Kingdom of Economists, most of the natives rushed off to defend Rational Man from the attack of Emotionalists. Then a curious thing happened. When they considered emotions, the Economists found Rational Man more human, more likely to behave as people actually behaved. Probabilities, utilities and even regret mattered less than did potential change from the status quo to these actors. Michael Lewis narrates how it happened in this sup ...more
I enjoy a book or article that uses statistics and/or facts to cause me to ponder things from a different perspective.
This book is a major departure from Lewis's other books, of which I have read many. He usually has a single narrative arc from beginning to end, which has served him well, but is missing in this book.
I was quite interested in the topic given I have read "Thinking, Fast and Slow" three times, which is chock full of insight and practical wisdom based on sophisticated research. I found the Lewis book to be disorganized and rather a mess, unfortunately. And though Lewis is obviously the better styl ...more
Par šī autora grāmatām es vienmēr esmu bijis sajūsmā. Šo kaut kā biju palaidis garām, un par tās eksistenci uzzināju klausoties podkāstu, kurā pats autors nedaudz pastāstīja par šo grāmatu. Lieki piebilst, ka pēc podkāsta noklausīšanās es jau biju ticis pie grāmatas. Sāku lasīt to tūlīt.
Pirms četrdesmit gadiem divi Izraēlas psihologi Daniels Kānemans un Amos Tverskis publicēja savu pētījumu augļus, kuri radīja pavisam jaunu psiholoģijas novirzienu – biheivorālo ekonomiku. Šīs sadarbības rezultāt ...more
Originally reviewed in January, 2017
After reading about this book, I pre-ordered it, six months before its release date.
It's about the work of the psychologist Daniel Kahneman, who published Thinking, Fast and Slow in 2011 and his late collaborator, Amos Tversky. Thinking, Fast and Slow had a big impact on me.
Moreover, The Undoing Project's author is Michael Lewis, of Moneyball and The Big Short fame. That's about all I knew of him. Around the book's release date there was a flurry of publicit ...more
If Kahneman and Tversky were giving talks today, they'd be YouTube/TED talk stars.
While I first became acquainted with their work during business school, Lewis more comprehensively outlines how their take on psychology has so profoundly affected the discipline of economically-rational (or not so rational) man. Anything published in the last fifteen years on the subject of decision-making owes a debt to these two remarkable researchers.
Tversky passed away before the Nobel prize was awarded for h ...more