the undoing project michael lewis summary

We’ll expand on the implications of their work, how it applies to a variety of disciplines, and how their discoveries have been built upon over time. In addition, this guide will look at the historical context that shaped Kahneman and Tversky’s lives. In the second part, we’ll explore the three major theories formulated from their work: heuristics, prospect theory, and the concept of undoing. The first part of this guide will examine the collaboration of Tversky and Kahneman, with a focus on how their personal experiences led to the paths they took in their research. When Lewis looked into the psychologists in question, he found a whole new story that needed to be told. Sunstein (co-authors of Nudge and Noise) pointed out that the science Lewis referenced came out of the work of Kahneman and Tversky. The author, Michael Lewis, first rose to popularity with his book Moneyball about the use of statistical analysis in major league sports. By making us aware of our mental fallibility, Kahneman and Tversky gave us the tools to sharpen our thinking and avoid the pitfalls of unconscious bias. They identified systematic ways the mind fools itself, why we make irrational decisions, and how we reshape reality when the truth is too painful to bear. Yet both had a deep interest in the workings of the mind and were insightful, inquisitive thinkers with a knack for seeing flaws in ideas that everyone else took as given. Kahneman was reserved and given to self-doubt, while Tversky was brash, outgoing, and magnetic. On the surface, the two men couldn’t have been more different. The story of Tversky and Kahneman’s lives is as riveting as the truths they uncovered. Their collaboration produced ideas that reshaped the way psychology understands the mind.

The human mind is far more prone to error than we’d like to believe, which we know thanks to the groundbreaking research by two Israeli psychologists, Daniel Kahneman and Amos Tversky. If you think you understand why you make the choices you do, you’re probably wrong.

1-Page Summary 1-Page Book Summary of The Undoing Project

The undoing project michael lewis summary