![]() ![]() The Undoing Project, by Michael Lewis, is a story about two unconventional thinkers who saw the world differently from everyone around them. ![]() When he began digging into their research, Lewis found an even more compelling story about a fertile intellectual partnership that ended too soon, when Kahneman and Tversky had a falling-out over who was receiving more credit for their discoveries. ![]() (When asked if their work had any application to artificial intelligence, Tversky, who died in 1996, countered that they were more interested in exploring "natural stupidity.") In 2002, Kahneman won the Nobel in economic science, a field he had no formal training in, for demonstrating how people make decisions when faced with risks and uncertainty. It helped explain why a simple algorithm is often better than the most experienced doctors at diagnosing stomach cancer, why so many financial experts failed to foresee the implosion of the housing market, and why professional basketball teams make costly errors when picking players in short, why people's instincts are often so wildly wrong. Their peculiar area of research how humans make decisions, often irrationally has had profound implications for an array of fields, like professional sports, the military, medicine, politics, finance and public health. Lewis chronicles their unusual partnership in his new book, The Undoing Project, a story about two unconventional thinkers who saw the world differently from everyone around them. ![]()
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