Summary of the Undoing Project by Michael Lewis

Don't miss this summary of Michael Lewis' best-selling book, "The Undoing Project: A Friendship That Changed Our Minds." Lewis' book tells the story of Israeli psychologists Daniel Kahneman and Amos Tversky whose revolutionary research changed the face of behavioral psychology. This FastReads' Summary includes chapter synopses, key takeaways, and analysis to help you quickly absorb the wisdom of this ground-breaking research. What Will You Learn from Reading This Book? Human beings make irrational decisions sometimes even when they have hard facts in front of them Just like the eye and the ear can be easily deceived, it's possible that our memory also can be flawed since we only remember what we want to remember It is okay to go by your gut instincts, but it's not necessary for your instincts to be right all the time People, including trained statisticians, are prone to make erroneous judgments with very less evidence Many people rely on experts in various fields to arrive at conclusions, but unfortunately, even experts can make mistakes Experts, as shown in many tests, are sometimes more unreliable than a man-made model that mimics the thought process of the experts Most theories in the field of psychology are rarely applicable to real life, but Amos and Danny's theories could be applied to various fields including military, medicine and economics A small judgmental error in medicine can make all the difference between life and death Book Summary Overview In "The Undoing Project," Michael Lewis explores how two psychologists constructed a theory that could alter our very human perception. Daniel Kahneman-an Israeli psychologist, who won the Nobel Prize in Economics in 2002, and Amos Tversky-a mathematical and cognitive psychologist-met about forty years ago to write a series of studies that smashed the assumptions we have made regarding decision-making processes. The study was so mind-boggling that they accurately displayed how the human mind errs when it is forced to make decisions in crucial, uncertain circumstances. Needless to say, their work led to a pathway in the study of behavioral economics, Big Data, and medicine. In fact, the study also helped shape up Michael Lewis's previous book. This compelling book depicts the collaboration between two legendary figures who predicted how the human mind would work when faced with uncertainties. Click Buy Now with 1-Click to Own Your Copy Today! Please note: This is a summary, analysis and review of the book and not the original book.