The psychologist Daniel Kahneman — a Nobel laureate and the author of Thinking, Fast and Slow — recently died at age 90. Along with his collaborator Amos Tversky, he changed how we all think about decision-making. The journalist Michael Lewis told the Kahneman-Tversky story in a 2016 book called The Undoing Project. In this episode, Lewis explains why they had such a profound influence.
- RESOURCES:
- The Undoing Project, by Michael Lewis (2016).
- Thinking, Fast and Slow, by Daniel Kahneman (2011).
- The Big Short: Inside the Doomsday Machine, by Michael Lewis (2010).
- Nudge: Improving Decisions About Health, Wealth, and Happiness, by Richard Thaler and Cass Sunstein (2009).
- Moneyball: The Art of Winning an Unfair Game, by Michael Lewis (2004).
- “Who’s On First,” by Richard Thaler and Cass Sunstein (New Republic, 2003).
- “The Framing of Decisions and the Psychology of Choice,” by Daniel Kahneman and Amos Tversky (Science, 1981).
- “Prospect Theory: An Analysis of Decision Under Risk,” by Daniel Kahneman and Amos Tversky (Econometrica, 1979).
- “Judgment under Uncertainty: Heuristics and Biases,” by Daniel Kahneman and Amos Tversky (Science, 1974).
- “Subjective Probability: A Judgment of Representativeness,” by Daniel Kahneman and Amos Tversky (Cognitive Psychology, 1972).