Bestselling author Michael Lewis examines how a Nobel Prize–winning theory of the mind altered our perception of reality.
Forty years ago, Israeli psychologists Daniel Kahneman and Amos Tversky wrote a series of breathtakingly original studies undoing our assumptions about the decision-making process. Their papers showed the ways in which the human mind erred, systematically, when forced to make judgments about uncertain situations. Their work created the field of behavioral economics, revolutionized Big Data studies, advanced evidence-based medicine, led to a new approach to government regulation, and made much of Michael Lewis's own work possible. Kahneman and Tversky are more responsible than anybody for the powerful trend to mistrust human intuition and defer to algorithms.
The Undoing Project is about the fascinating collaboration between two men who have the dimensions of great literary figures. They became heroes in the university and on the battlefield both had important careers in the Israeli military and their research was deeply linked to their extraordinary life experiences. In the process they may well have changed, for good, mankind's view of its own mind.
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by Michael W. Covel
by Beverly Lewis
by Megan Lewis
by Beth Lewis
by Michael McGarrity
by Michael Crichton
by Michael Malone
by Michael Buckley
by Michael Parker
"Most decisions we make are based, in some part, on irrationality-- sometimes referred to as a gut feeling or intuition. Author Michael Lewis simplifies the brain-boggling lifework of Amos Tversky and Danny Kahneman, who developed the new discipline of behavioral economics to explain the seeming irrationality of financial decision making. Narrator Dennis Boutsikaris's faultless and cogent reading keeps the project moving, but, even so, listeners may need to occasionally hit the rewind button to appreciate the science as the author recounts how the Israeli duo combined cognitive psychology and mathematics to analyze decisions revolving around money. In the process they identified phenomena with exotic titles such as loss aversion, framing, overconfidence bias, and more. For a work about economics, this is a surprisingly emotional story of how two selfless collaborators were eventually undone by their own success. R.W.S. Winner of AudioFile Earphones Award © AudioFile 2017, Portland, Maine"