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The Undoing Project - Summarized for Busy People: A Friendship That Changed Our Minds: Based on the Book by Michael Lewis
The Undoing Project - Summarized for Busy People: A Friendship That Changed Our Minds: Based on the Book by Michael Lewis
The Undoing Project - Summarized for Busy People: A Friendship That Changed Our Minds: Based on the Book by Michael Lewis
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The Undoing Project - Summarized for Busy People: A Friendship That Changed Our Minds: Based on the Book by Michael Lewis

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This book summary and analysis was created for individuals who want to extract the essential contents and are too busy to go through the full version. This book is not intended to replace the original book. Instead, we highly encourage you to buy the full version.

Daniel Kahneman and Amos Tversky, two Israeli psychologists, collaborated on a series of radical studies that became the foundation of behavioral economics forty years ago. Considered one of the greatest partnerships in the history of science, the two started a revolution in Big Data studies, advanced evidence-based medicine, government regulation, and much of Michael Lewis’s own work. The Undoing Project shows the story of how the Nobel Prize-winning theory of the mind changed how we perceive reality.

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LanguageEnglish
Release dateJun 4, 2019
ISBN9788834131664
The Undoing Project - Summarized for Busy People: A Friendship That Changed Our Minds: Based on the Book by Michael Lewis

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    The Undoing Project - Summarized for Busy People - Goldmine Reads

    THE UNDOING PROJECT

    Summarized For Busy People

    A Friendship That Changed Our Minds

    Based on the Book by Michael Lewis

    Goldmine Reads

    Copyright © Goldmine Reads

    Please be advised that this is an UNOFFICIAL summary and analysis. This summary and analysis is not affiliated, authorized, approved, licensed, or endorsed by the subject book’s author or/and publisher.

    All Rights reserved. No part of this text may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, without the prior permission in writing of the copyright holder.

    Under no circumstances will any legal responsibility or blame be held against the publisher for any reparation, damages, or monetary loss due to the information herein, either directly or indirectly.

    Respective authors own all copyrights not held by the publisher.

    TABLE OF CONTENT

    THE UNDOING PROJECT

    BOOK OVERVIEW

    ABOUT THIS BOOK SUMMARY

    BOOK SUMMARY

    The Psychology of Moneyball

    Introducing Danny Kahneman

    Danny’s Role in the Israeli Army

    Giving Up on Studying Personality

    Introducing Amos Tversky

    Amos Serves in the Military

    Amos Gets into Psychology

    Returning to Israel

    Danny’s Teaching

    Danny and Amos Collide

    Law of Small Numbers

    Rules of the Mind

    Errors of the Mind

    Regression to the Mean

    Systematic Bias

    Selective Matching

    Returning to Israel, Again

    Prospect Theory

    The Friendship Unravels

    The Simulation Heuristic

    The Undoing Project

    BOOK REVIEW AND ANALYSIS

    Positives

    Critiques

    Book Theme

    BOOKS THAT YOU MAY ALSO ENJOY

    BOOK OVERVIEW

    Moneyball, Michael Lewis’s best-selling book, looked into the Oakland A’s statistical approach in building a winning baseball team. This made a huge impact in the world of sports and pop culture. He had, however, received a critique where he ignored the work done by Daniel Kahneman and Amos Tversky, who provided the theoretical basis for Moneyball. This also anticipated the process the Oakland A’s and others would take in order to re-evaluate the understanding of gains and losses. Moneyball, therefore, may have become a huge success for Lewis—but he had only told part of the story.

    In The Undoing Project: A Friendship That Changed Our Minds, Lewis attempts to share the story of two men who laid the groundwork for his bestseller. He talks about their lives individually and together. It could serve as a populist primer for their theories. Kahneman was a Jew born in Paris who grew up running away from the Nazis along with his family and Tversky was a native Israeli. Lewis shares their defining moments, showing how these facts point towards their scientific lives and contributions.

    The two studied Psychology at Hebrew University and ended up continuing their studies at the University of Michigan. They

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