_The Undoing Project_ by Michael Lewis

[Joy H., Group Founder]

RE: The Undoing Project: A Friendship That Changed Our Minds by Michael Lewis

This book is fascinating! I couldn't stop listening! It's about the decision-making process and how it was analyzed by two psychologists working together. The two psychologists were Daniel Kahneman and Amos Tversky. This book not only tells about their work but also about their lives, their personalities, and how they worked.

Daniel Kahneman won the 2002 Nobel Prize in Economics.

For an excellent and thorough review of the book, see the following review by Goodreads member, Trish: https://www.goodreads.com/review/show...

NOTE: The first part (about using algorithms to make baseball draft picks) was very dull and I almost gave up on the whole thing. However, I'm glad I stuck with it because, after that, it was fascinating and held my interest all the way.

Listen to a sample at: https://www.audible.com/pd/Bios-Memoi...

See my review at: https://www.goodreads.com/review/show...

I don't completely understand the title but nevertheless it's a great read!

[Joy H., Group Founder]

PPS - I thought it might be helpful to list some of the vocabulary used in the book. See the list below:
--- probability
--- odds
--- randomness
--- chance
--- variants
--- representativeness (i.e. similarity)
--- comparing
--- forming judgements
--- guessing
--- human behavior
--- behavioral science
---heuristic - learning from experience
---subjective probability (guessing?)
---systematic errors (wrong reasoning?)

The words above help pinpoint the subject matter of the research done by the 2 psychologists, Daniel Kahneman and Amos Tversky.

[Joy H., Group Founder]

See the topic I started at:
https://www.goodreads.com/topic/show/...

The title of the topic is: "Please explain the meaning of the title 'The Undoing Project' ".

[Joy H., Group Founder]

I found the following summary by "Anita" (at the Play Book Tag discussion) helpful:
"This book focuses on the academic intersection of mathematics, economics, and psychology in the context of a story of two Israelis who worked together in a groundbreaking way on these topics. The focus of their work was essentially how humans make decisions and why they are oftentimes incorrect even in the face of definitive answers (never mind uncertainty). The book spends a lot of time on the theories being developed and also on the relationship between the two men. The collaboration was incredibly intense and not always smooth. I found the story about the relationship to be more engaging then the elaboration on the theories that were developed."
FROM: https://www.goodreads.com/topic/show/...