The Undoing Project - A Friendship that Changed the World

Michael Lewis

Key Facts and Insights from The Undoing Project

  1. The book details the unique friendship between two brilliant psychologists, Amos Tversky and Daniel Kahneman, who were instrumental in establishing the field of behavioral economics.
  2. One of the central tenets of their work is the recognition that humans are not rational decision-makers and are influenced by a range of cognitive biases.
  3. The book introduces the concept of heuristics, which are mental shortcuts our brains use to make decisions more quickly, but often at the cost of accuracy.
  4. The ‘availability heuristic’ is explained, which is our tendency to make decisions based on...

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