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SusanJ asked this question about The Undoing Project: A Friendship That Changed Our Minds:
I'm thinking of this book in the context of the recent US Presidential election: voters making a choice between the candidates, based on uncertainty / probabilities of course. So many people viewed both candidates as a loss; or one as a definite loss of some unknown magnitude, and the other as a possible gain of unknown magnitude. Can someone help me sort out this analysis, in light of this book?
Thomas This book is about how Kahneman and Tversky came up with the idea that man does not always make decisions rationally. It's basically a biographical hi…moreThis book is about how Kahneman and Tversky came up with the idea that man does not always make decisions rationally. It's basically a biographical history. You would be better served reading Kahneman's Thinking Fast and Slow. Or google "good books on heuristics."(less)
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SusanJ thanks, Thomas - I have requested Thinking Fast and Slow - meanwhile, I was hoping someone could help me think through the election as an example,,,
Jan 08, 2017 03:45AM · flag
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Thomas I don't think anyone has a rational explanation for our presidential election. It certainly falls in the category of people not acting rationally. ...more
Jan 08, 2017 08:12PM · flag
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The Undoing Project
by Michael Lewis
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