Probabilities, utilities and even regret mattered less than did potential change from the status quo to these actors. If Lewis is capable of making baseball appeal to non sports fans, then he can also make behavioral economics and psychology accessible to a person like myself who is either finds the subject matter dull or tedious. Lewis’s new book, The Undoing Project: A Friendship that Changed Our Minds, turns back from data to the problem that number crunching leaves unsolved — to the human mind when it is faced with uncertainty, processing evidence, forming judgments and misjudgments, drawing conclusions, arriving at … When this book was chosen for my book group, I looked forward to reading it. In the Introduction, Lewis explains that The Undoing Project exists largely as a complement to Moneyball, his 2003 book about how the Oakland Athletics front office shifted how many view performance analysis in professional … In fact I don’t recall him talking about thinking fast (immediate response) or slow (long-term investor) at all. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. See all 10 questions about The Undoing Project…, 100 Notable Books of 2017 - The New York Times, Moneyball: The Art of Winning an Unfair Game, The Big Short: Inside the Doomsday Machine, Descartes' Error: Emotion, Reason and the Human Brain, Synaptic Self: How Our Brains Become Who We Are, Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy. To demonstrate this, they concocted numerous sc. Such was the case when Lewis covered the Nobel Prize winning duo of Daniel (Danny) Kahneman and Amos Tversky, two psychologists who developed much of the base work behind behavioral finance. Sheeraz Raza. This one does not. . A better subtitle: "The End of the Affair". First of all, I feel somewhat guilty about the rating. The only thing I can add to this is that I am now genuinely excited to read Daniel Kahneman's THINKING FAST AND SLOW, a book that it feels like a hundred people have tried to sell me on over the years and that I had, up until this moment, resisted. Good psychology wisdom 2. Great humor 3. Lewis did something else he’d not done before as well. I will be bold, and confidently tell you what this book is all about...Humans making decisions are inherently handicapped by systematic biases that make them think they are being logical, but often, or possibly usually, are not. But reading about academics who challenge conventional wisdom in the field of psychology is ... less interesting than financial traders who short the mortgage market, or adopt. Reviewed in the United States on June 12, 2018. which is surely worth reading, and gets deeper than this book into the accomplishments Tversky and Kahneman made in decision theory. Most of Lewis's other books have had popular themes or stories that kept you going and engaged the entire time. Michael Lewis narrates how it happened in this superb biography of two outstanding thinkers who were in love with each others' ideas and a little bit with each other. The story of Daniel Kahneman and his erstwhile companion Amos Tversky, and their creation of the field of behavioral economics. These concepts are available in a great number of mediums now, whether it is MBA courses, free Moocs, or elsewhere. It reminds us all that relationships can be difficult, but they can be easy if know how to work on them Overall, far mor… Sci-Fi/Fantasy/Horror. Please explain the meaning of the title "The Undoing Project". The Undoing Project is intriguing on the relationship between Kahneman and Tversky. I won't spoil it, but Amos really disappointed me with his calcifications toward the end. This dichotomy is the tension between intuition and algorithms, between gut feelings and empirical data. What a marvelous and serendipitous pairing these two were! It is a tricky read. Your recently viewed items and featured recommendations, Select the department you want to search in, Behavioral finance - avoid being prey on the way to a Nobel Prize, Reviewed in the United States on October 27, 2017. In the past two decades, all five of his books have made The New York Times' bestseller... Forty years ago, Israeli psychologists Daniel Kahneman and Amos Tversky wrote a series of breathtakingly original papers that invented the field of behavioral economics. Lewis passed the test. I probably would have read anything he published, even another sports business book (I haven’t read any of those yet), but since it was about a pair of Israeli psychologists, I was especially intrigued. They became heroes in the university and on the battlefield―both had important careers in the Israeli military―and their research was deeply linked to their extraordinary life experiences. Then a curious thing happened. This was informative and quirky--these guys kind of propounded all of these very provocative and innovative theories on their own!--but also very poignant and sad. I found this book informative while also exploring the business of baseball. Depends. In essence, they argued that departures in human rational thought can be predicted and its impacts calculated. In this he tries the trick of explaining confusion by demonstrating confusion, but near the end of this work we appreciate again Lewis’ distinctive clarity and well-developed sense of irony as he addresses a very consequential collaboration in the history of ideas. Reviewed in the United States on April 5, 2017. I've read quite a lot about Kahneman and Tversky, but this book is surprising me, it's much more biographical and anecdotal. As a social-psychologist who loves psychology, sociology, and understanding humans, I thoroughly enjoyed “The Undoing Project”. You don't need this book to introduce you to concepts of "bounded rationality" and analytical biases. The Undoing Project: A Friendship That Changed Our Minds, by Michael Lewis, is a well-written story about two people who developed some important ideas. I tend to get excited when the best story tellers write a new book, and when the book covers a topic I have been focused on recently this is even more so. Over the HBO drama's six-week rollout, the "Undoing" star couldn't resist scrolling Twitter, even if what he found wasn't always flattering. I’ve been captivated by other Michael Lewis books. The Undoing Project – Description How a Nobel Prize–winning theory of the mind altered our perception of reality. I'm sure some very good Youtube videos introduce these ideas as well. This is one of Michael Lewis’s best books yet. These concepts are available in a great number of mediums now, whether it is MBA courses, free Moocs, or elsewhere. This was informative and quirky--these guys kind of propounded all of these very provocative and innovative theories on their own!--but also very poignant and sad. I read “The Undoing Project” during the final days of the 2016 presidential campaign and its aftermath. Why not psychology? “The Undoing Project” is a delightful read for anyone who is a fan of Kahneman and Tversky’s work. However, to his credit, he does mention the issue of the academic/popular divide in non-fiction writing on scholar topics in his endnote. It will require all your concentration to not zone out as you are reading it. Nearly halfway through I stopped to read some reviews of the book because I had no idea what it was about or where it was going. Being a baseball lover, one of my favorite books is Michael Lewis' Moneyball where he follows the low budget 2002 Oakland A's during their remarkable, division winning season. Michael Lewis: The Undoing Project [Review] By. This nonfiction is unlike others Michael Lewis has offered us. His talent lies in the ability to find people---the outliers, the rebels, the freaks---who have a unique perspective and new ways at looking at old problems. I felt as if I was reading a textbook for a class I had to take, but had no interest in. Although their personalities were total opposites, they found themselves enthralled with one another, and collaborated closely for fifteen years. Reviewed in the United States on June 2, 2019. “The Undoing Project” gives lots of insights about the birth of heuristics, bias’ and behavioural psychology. I had to wonder, as I was reading The Undoing Project, whether Mr. Lewis would really respect his subjects’ doubts about experts or follow the imperative that any book on any problem must conclude with experts confidently solving the problem.Mr. Adderall....check. To answer questions about The Undoing Project: A Friendship That Changed Our Minds, please sign up. Forty years ago, Israeli psychologists Daniel Kahneman and Amos Tversky wrote a series of breathtakingly original studies undoing our assumptions about the decision-making process. . By the end of this book I was bawling aloud, in total sync with what Lewis was trying to convey: why humans do what. These two Noble Prize winning psychologists made groundbreaking discoveries in the behavior and … Michael Lewis specializes in narratives about quirky individuals who zig when everyone else zags. Refresh and try again. Lewis is best at setting up an underdog who beats the system (in sports, the financial markets, etc.). It is a testament to Michael Lewis' writing that chunks of the psychological research featured in this book were beyond my comprehension, and yet I still enjoyed reading it. His talent lies in the ability to find people---the outliers, the rebels, the freaks---who have a unique perspective and new ways at looking at old problems. I also see its roots in Robert Cialdini’s books (Influence, Pre-suasion). Ultimately, though, it is the story of two unlikely, deeply connected friends who changed the way we think about the way we think. We must support the popularization of scholarly topics, and I’ve read that it takes, on average, at least 20 years for new ideas, analyses, and discoveries to move out of the academic curriculum of higher education to what we teach our children in secondary school. I think I need to read Kahenman's "thinking,fast and slow" to understand this book. One of the delightful facts, also hidden in his endnotes, is the coincidence by which Lewis got to know Tversky’s family including access to his papers. Created by David E. Kelley. The Undoing Project is a well-written, well-read study of two brilliant psychologists, Amos Tversky and Daniel Kahnemann, who changed the nature of economic theory. The Undoing Project: A Friendship That Changed Our Minds, by Michael Lewis, is a well-written story about two people who developed some important ideas. If you prefer just the facts (as I usually do) you might wanna pass on this one. Not so with The Undoing Project. Lewis mailed this in - did an intern write it? This one was a disappointment and a waste of my time. The importance of these discoveries is that once identified, they are more manageable and help explain various phenomena. A close second and third and fourth would be the works by Nassim Taleb: Fooled by Randomness and Black Swan (also, Antifragile). To me it feels as if Michael Lewis was having so much fun delving into the lives of two eminent psychologists that he forgot about his readers. If you prefer just the facts (as I usually do) you might wanna pass on … Reviewed in the United States on May 29, 2020. This book is a major departure from Lewis's other books, of which I have read many. . If you're looking for some personal insight into K&T, this is the book. What made this book special is that Lewis made baseball interesting for people who are not usual fans of the sport. But I think every serious thinker needs to get some exposure to the psychology of analytical mistakes. “In the end, peace can be achieved only by hegemony or by balance of power.” ~ Henry Kissenger, Michael Lewis, the author of “Moneyball” and “The Big Short” has an amazing ability to write fascinating books about subject matters that I normally find mind-numbingly boring: sports and the economy. 4.5 star. The only thing I can add to this is that I am now genuinely excited to read Daniel Kahneman's THINKING FAST AND SLOW, a book that it feels like a hundred people have tried to sell me on over the years and that I had, up until this moment, resisted. When Psychology strapped on its parachute and dropped into the Kingdom of Economists, most of the natives rushed off to defend Rational Man from the attack of Emotionalists. After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. It reminded us all we’re all humans and we must work to overcome envy and jealousy 4. Though very different in personality, they became very close friends and went on to collaborate in producing a number of papers concerning what came to be known as behavioural economics – or in layman’s terms, the psychology of judgement and decision making. Some of the highlights for me: 1. A friendship that revolutionized psychology, Reviewed in the United States on December 9, 2017. Michael Lewis writes well but I believe he has fallen short here. Top subscription boxes – right to your door, The Undoing Project: A Friendship That Changed Our Minds, See all details for The Undoing Project: A Friendship That Changed Our Minds, © 1996-2020, Amazon.com, Inc. or its affiliates. Lewis has given us a spectacular account of two great men who faced up to uncertainty and the limits of human reason.” —William Easterly, Wall Street Journal , The Undoing Project, A Friendship That Changed Our Minds, Michael Lewis, 9780393354775 This page works best with JavaScript. My first exposure to these concepts was in the book "The Psychology of Intelligence" by Richard Heuer. by W. W. Norton Company, The Undoing Project: A Friendship That Changed Our Minds. He has attempted the same here about Tversky and Kahneman. 4.5 stars. A great story, well told. Review of The Undoing Project When I was in graduate school I read a lot of what was then new research by Daniel Kahneman and Amos Tversky . (1 1/2) Double expresso....check. It reads somewhere between biography and non-fiction about behavioral finance. I found this book informative while also exploring the business of baseball. He has attempted the same here about Tversky and Kahneman. Book Review : The Undoing Project by Michael Lewis. This is a biography of two Israeli psychologists who had such an impact on economics that one of them – Daniel Kahneman won the Nobel Prize. Write a review. Jun 5, 2016, 1:10 pm. The Undoing Project › Customer reviews; Customer reviews. Make sure you have all these ingredients close by when you take on this book. Lewis is best at setting up an underdog who beats the system (in sports, the financial markets, etc.). The challenge is to tell the story in a way that describes the behavioral biases without the need for technical discussion. Lately I kept seeing reviews of Lewis' new book The Undoing Project appear on my Goodreads feed. The Undoing Project is about a compelling collaboration between two men who have the dimensions of great literary figures. This is a great story about two genius psychologists, Daniel Kahneman and Amos Tversky. Life for a successful therapist in New York begins to unravel on the eve of publishing her first book. There's a problem loading this menu right now. Lewis' books always had energy and told an interesting tale. Oftentimes, these people don’t even know they have a new perspective on something. It gives you insights into their friendship but there is a sense that their closeness was a mystery to even their closest friends and this for me is what drives the story. We must support the popularization of scholarly topics, and I’ve read that it takes, on average, at least 20 years for new ideas, analyses, and discoveries to move out of the academic curriculum of higher education to what we teach our children in secondary schools. The Undoing Project tells the story of two Israeli psychologists who made some surprising discoveries about the way people think. In 2019, does Malcolm Gladwell even need an introduction? I've read quite a lot about Kahneman and Tversky, but this book is surprising me, it's much more biographical and anecdotal. We’d love your help. It's still my favorite book on analytical folly and some of its remedies. This book is a well-told story, but that’s both its strength and its weakness. In fact, I'm still not sure there was a story. To start with the mundane and annoying: for a book with this much technical content, terms, and names an index almost seems a necessity, yet none was provided. But reading about academics who challenge conventional wisdom in the field of psychology is ... less interesting than financial traders who short the mortgage market, or adoptive parents who help their talented son beat the odds and get drafted to the NFL, or who compile a winning sports team through metrics. I think my friend Andrew put this best: only Michael Lewis could make this story exciting. My first exposure to these concepts was in the book "The Psychology of Intelligence" by Richard Heuer. More foot/endnotes and perhaps a fuller bibliography would be helpful, too. I've read quite a lot about Kahneman and Tversky, but this book is surprising me, it's much more biographical and anecdotal. 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. To start with the mundane and annoying: for a book with this much technical content, terms, and names an index almost seems a necessity, yet none was provided. I won't spoil it, but Amos really disappointed me with his calcifications toward the end. I did enjoy Lewis’ good writing, even if nothing is clearly explained except for about the two, their friendship and thinking, and the environs of that. They’ve simply asked questions that nobody ever thought to ask. Then a curious thing happened. In so doing, they demonstrated that some favoured choices were just not logical. And here's a new review of The Undoing Project from April 20, 2017, in which the reviewer is concerned about the potential for unconscious manipulation, that is, that cognitive science is being used to manipulate rather than to remove the sources of bias. 4.3 out of 5. Reviewed in the United States on December 22, 2016, With no doubt, I had great fun reading “The Undoing Project.”, 2,329 global ratings | 1,713 global reviews, Reviewed in the United States on October 9, 2017. Of course, I’d heard of Daniel Kahneman’s work before, but I’d never read his famous, The story of Daniel Kahneman and his erstwhile companion Amos Tversky, and their creation of the field of behavioral economics. Lewis is a master storyteller, and the way he plays with the tension of both this ideological partnership and the ideas themselves is truly impressive. The Undoing Project, by Michael Lewis, 3 stars, The Undoing Project by Michael Lewis - 4 stars, Malcolm Gladwell Examines the Real Danger of Talking to Strangers. Probabilities, utilities and even regret mattered less than did potential change from the status quo to these actors. by Michael Lewis. When Psychology strapped on its parachute and dropped into the Kingdom of Economists, most of the natives rushed off to defend Rational Man from the attack of Emotionalists. Oftentimes, these people don’t even know they have a new perspective on something. The Undoing Project – Book Review I’ve just finished Michael Lewis’s The Undoing Project which follows two Israeli psychologists Daniel Kahneman and Amos Tversky whose work around human decision making, judgment, and bias have influenced the field of decision making and behavioral economics. They did groundbreaking research that led to improved understanding of how we make decisions. Fiction. I’m a big fan of Michael Lewis, so when his new book was announced, I put myself on the waiting list for it at my public library. Lewis accomplished this fairly well. -. 4.3 out of 5 stars. Michael Lewis writes well but I believe he has fallen short here. Lewis was a teacher of one of Tversky’s sons! But I think every serious thinker needs to get some exposure to the psychology of analytical mistakes. I don't know that it's fitting that Kahneman wound up winning the Nobel while Tversky did not, but hopefully it provid. How does Amazon calculate star ratings? In this he tries the trick of explaining confusion by demonstrating confusion, but near the end of this work we appreciate again Lewis’ distinctive clarity and well-developed sense of irony as he addresses a very consequential collaboration in the history of ideas. While economics usually bores me, I decided to read this book anyway. What made this book special is that Lewis made baseball interesting for people who are not usual fans of the sport. Caution! Michael Lewis is a great story-teller and his latest book ‘The Undoing Project’ is as good as the previous ones. Lewis writes about a ton of interesting things, but I want to see some kind of argument through-line, even if it’s to poke fun at an argument. To demonstrate this, they concocted numerous scenarios and asked students and others to choose between various courses of action. From writer David E. Kelley (Big Little Lies) and director Susanne Bier (The Night Manager), the limited series focuses on Nicole Kidman’s Grace Fraser, a successful therapist, and her devoted husband, Jonathan (Hugh Grant), and their young son who attends an elite private school in New York City.A chasm opens in Grace's … Lately I kept seeing reviews of Lewis' new book The Undoing Project appear on my Goodreads feed. This book is a well-told story, but that’s both its strength and its weakness. October 31st 2017 Michael Lewis, the author of “Moneyball” and “The Big Short” has an amazing ability to write fascinating books about subject matters that I normally find mind-numbingly boring: sports and the economy. To see what your friends thought of this book, Depends. He usually has a single narrative arc from beginning to end, which has served him well, but is missing in this book. The Undoing Project is the amazing story of the friendship between Daniel Kahneman and Amos Tversky, and how that friendship revolutionized the field of psychology. When they considered emotions, the Economists found Rational Man more human, more likely to behave as people actually behaved. Access a free review of The Undoing Project, by Michael Lewis and 20,000 other business, leadership and nonfiction books on getAbstract. As with the other Lewis books I have read, I was not disappointed. The Undoing Project: A Friendship That Changed Our Minds, by Michael Lewis, is a well-written story about two people who developed some important ideas. If Kahneman and Tversky were giving talks today, they'd be YouTube/TED talk stars. Some parts of the book I liked very much. Can someone help me sort out this analysis, in light of this book? Amos Tversky and David Kahneman are psychologists who met in Israel in the 1960’s. You don't need this book to introduce you to concepts of "bounded rationality" and analytical biases. I enjoy a book or article that uses statistics and/or facts to cause me to ponder things from a different perspective. But "The Undoing Project" is written by Michael Lewis, the author of "Moneyball" and "The Big Short" and is simply a more enjoyable book to read. They went on to share their thoughts on why these illogical choices were dominant and how such responses could be anticipated. Baseball! 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. In essence, they argued that departures in human rational thought can be predicted and its impacts calculated. Let us know what’s wrong with this preview of, Published In. Disabling it will result in some disabled or missing features. Welcome back. Lewis did something else he’d not done before as well. I found their documentation of the systematic ways in which people deviate from rational decision-making fascinating and I was searching for a way to apply that to political … Goodreads helps you keep track of books you want to read. While economics usually bores me. Red Bull....check. In this match, surprises are expected.”, “When you are a pessimist and the bad thing happens, you live it twice, Amos”, Goodreads Choice Award Nominee for History & Biography (2017). Verified Purchase. If you prefer ju. The Undoing Project by Michael Lewis is an astounding biographical remark of the lives of two Israeli Psychologists – Daniel Kahneman and Amos Tversky. There is no flow to the story and no energy to make you want to continue reading. Author Michael Lewis actually touched a bit on that topic here: This nonfiction is unlike others Michael Lewis has offered us. There is a brief mention of a few expert … In “ Moneyball ,” he tracked the astonishing success of Billy Beane, the general manager who turned the Oakland A’s from underdogs into … If you aren't sure yet, I doubt this review can help. I still think Lewis is an excellent writer, but not this time! The book is fun to hear, as both characters have lively, competitive personalities. According to the Moneyball author, it's all about framing. Some parts of the book I liked very much. These two were opposite in nature but shared a mutual understanding in the way of their thinking. I am about one-third of the way through Michael Lewis's "The Undoing Project", and I'm not sure I can make it much further. They’ve simply asked questions that nobody ever thought to. One of the greatest partnerships in the history of science, Kahneman and Tversky’s extraordinary friendship incited a revolution in Big Data studies, advanced evidence-based medicine, led to a new approach, Forty years ago, Israeli psychologists Daniel Kahneman and Amos Tversky wrote a series of breathtakingly original papers that invented the field of behavioral economics. I have read the criticism that the theory isn’t “taught” so much here, but Lewis is clear it’s about the “friendship”, after all, and the context of discovery as well as the influences in and around their mathematical psychology/behavioral economics but, still, how much time and money does it take? This book is a well-told story, but that’s both its strength and its weakness. The Undoing Project explores the close partnership of Israeli psychologists Daniel Kahneman and Amos Tversky , whose work on heuristics in judgment and decision-making … Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. Though very different in personality, they became very close friends and went on to collaborate in producing a number of papers concerning what came to be known as behavioural economics – or in layman’s terms, the psychology of judgement and decision making. Customers Who Bought This Item Also Bought Incognito: The Secret Lives of the Brain The first episode is intriguing but slow, as there's a lot of build-up early on, but subsequent episodes pick up the pace and The Undoing quickly becomes a page-turner of a series. I don’t need that in writing, and maybe I’ve graded too many papers, but I want a clear thesis. It also analyzes reviews to verify trustworthiness. Writing a positive review of a Michael Lewis book seems like clapping in a crowd of people already clapping -- it is hardly needed as an aid to those wondering if they should buy this book. Reviewed in the United States on October 10, 2018, “The difference between being very smart and very foolish is often very small” - Amos Tversky, Reviewed in the United States on April 2, 2018. The book tells the story of how they questioned the conventional thinking and demonstrated the biases that inherent in all of us. That Lewis’ books are so plentiful, popular, and apparently all on cutting-edge issues, yet the books don’t include full references has to be part of some problem. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. With Nicole Kidman, Hugh Grant, Noah Jupe, Donald Sutherland. More foot/endnotes and perhaps a fuller bibliography would be helpful, too. While Kahneman (Tversky died in 1996 so did not share in the Nobel) wrote Thinking Fast and Slow to share their life work, here Lewis tries to identify why they worked so well together. Early on Lewis reminds us of the folly of our never-ending desire to have experts who know things with “certainty”. but perhaps missing something important to you, Reviewed in the United States on April 5, 2017. I don't know that it's fitting that Kahneman wound up winning the Nobel while Tversky did not, but hopefully it provided closure. The Undoing Project: A Friendship That Changed Our Minds is a 2016 nonfiction book by American author Michael Lewis, published by W.W. Norton.