It’s a Michael Lewis book.
That alone, is enough for me to tell you to go read it.
Kahneman and Tversky’s work has probably been the biggest influence on my life in recent years, since Taleb.1
We cannot think in probabilities in our daily lives.
We keep fooling ourselves, with various biases.
And the intuition we have, is because we are really amazing biological machines. And even that is subject to error. Unless the intuition is backed by extensive experience. And even then we can easily be fooled.
That basically is the gist of their work (to me, so far).
I flunked nearly every experiment in Danny Kahneman’s Thinking, Fast and Slow.2
We need to think slowly, through every implication, when it comes to the few big decisions in life.
So how did this work come about?
The Undoing Project tells us the story.
Of Kahneman and Tversky’s friendship and years of collaboration.
Of how a MacArthur Fellow and and Nobel Laureate are in the end, only human, and even they could not undo the events in their lives and their relationship.
Of how the world is patently unfair and never treats people equally.
It’s a lovely read.