The Undoing Project - Summarized for Busy People: A Friendship That Changed Our Minds: Based on the Book by Michael Lewis
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Daniel Kahneman and Amos Tversky, two Israeli psychologists, collaborated on a series of radical studies that became the foundation of behavioral economics forty years ago. Considered one of the greatest partnerships in the history of science, the two started a revolution in Big Data studies, advanced evidence-based medicine, government regulation, and much of Michael Lewis's own work. The Undoing Project shows the story of how the Nobel Prize-winning theory of the mind changed how we perceive reality.
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The Undoing Project - Summarized for Busy People - Goldmine Reads
THE UNDOING PROJECT
Summarized For Busy People
A Friendship That Changed Our Minds
Based on the Book by Michael Lewis
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TABLE OF CONTENT
THE UNDOING PROJECT
BOOK OVERVIEW
ABOUT THIS BOOK SUMMARY
BOOK SUMMARY
The Psychology of Moneyball
Introducing Danny Kahneman
Danny’s Role in the Israeli Army
Giving Up on Studying Personality
Introducing Amos Tversky
Amos Serves in the Military
Amos Gets into Psychology
Returning to Israel
Danny’s Teaching
Danny and Amos Collide
Law of Small Numbers
Rules of the Mind
Errors of the Mind
Regression to the Mean
Systematic Bias
Selective Matching
Returning to Israel, Again
Prospect Theory
The Friendship Unravels
The Simulation Heuristic
The Undoing Project
BOOK REVIEW AND ANALYSIS
Positives
Critiques
Book Theme
BOOKS THAT YOU MAY ALSO ENJOY
BOOK OVERVIEW
Moneyball, Michael Lewis’s best-selling book, looked into the Oakland A’s statistical approach in building a winning baseball team. This made a huge impact in the world of sports and pop culture. He had, however, received a critique where he ignored the work done by Daniel Kahneman and Amos Tversky, who provided the theoretical basis for Moneyball. This also anticipated the process the Oakland A’s and others would take in order to re-evaluate the understanding of gains and losses. Moneyball, therefore, may have become a huge success for Lewis—but he had only told part of the story.
In The Undoing Project: A Friendship That Changed Our Minds, Lewis attempts to share the story of two men who laid the groundwork for his bestseller. He talks about their lives individually and together. It could serve as a populist primer for their theories. Kahneman was a Jew born in Paris who grew up running away from the Nazis along with his family and Tversky was a native Israeli. Lewis shares their defining moments, showing how these facts point towards their scientific lives