Motley Fool Money Michael Lewis on the Two Men Who Changed Our Minds
Jul 21, 2020
Dive into the fascinating partnership of Daniel Kahneman and Amos Tversky, two ground-breaking Israeli psychologists. Their contrasting personalities created a unique synergy in the realm of behavioral economics. Discover how they tackled the complexities of confidence and doubt in decision-making. Their collaboration not only advanced their field but also illuminated the pitfalls of overconfidence. It’s a captivating tale of friendship, intellectual rivalry, and a shared mission to change how we think.
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The Power of Differences
- Kahneman and Tversky, despite their contrasting personalities, successfully collaborated.
- Their partnership highlights the power of diverse perspectives in creative endeavors.
Focus on the Process
- Focus on the process, not on predicting uncertain outcomes. Overconfidence leads to excessive trading and poor decisions.
