The Undoing Project

The Undoing Project : A Friendship that Changed out Minds (2016) by Michael Lewis covers the work of Daniel Kahneman and Amos Tversky that led to Kahneman getting a Nobel Prize in Economics. Tversky would also have received the award but he had died. The book looks at how the two discovered a number of ways that humans make decisions are irrational compared to how decisions should theoretically be made. The work has become the basis of Behavioural Economics.

The work that is described in the book is written about in more detail in Thinking Fast and Slow by Daniel Kahneman. This book described the life and work of the two Psychologists and their ideas.

Michael Lewis is one of the best non-fiction writers in the world. The Big Short, Moneyball and Liar’s Poker are some of the best non-fiction books of the last 30 years. Each is well written and provides a fresh view of events and new ideas. However, the Undoing Project doesn’t really do this because Kahneman himself has written such a good book about his work. Lewis adds biographical details that are of some interest but for anyone looking for new ideas unless Kahneman and Tversky’s ideasĀ have not previously been encountered. If they haven’t then the issue is that it’s probably better to read Kahneman’s book.

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