Choices Between Descriptions

The psychologist Daniel Kahneman — a Nobel laureate and the author of Thinking, Fast and Slow — recently died at age 90. Along with his collaborator Amos Tversky, he changed how we all think about decision-making. The journalist Michael Lewis told the Kahneman-Tversky story in a 2016 book called The Undoing Project. In this episode, Lewis explains why they had such a profound influence.

• SOURCE:
  • Michael Lewis, writer.

• RESOURCES:
  • The Undoing Project, by Michael Lewis (2016).
  • Thinking, Fast and Slow, by Daniel Kahneman (2011).
  • The Big Short: Inside the Doomsday Machine, by Michael Lewis (2010).
  • Nudge: Improving Decisions About Health, Wealth, and Happiness, by Richard Thaler and Cass Sunstein (2009).
  • Moneyball: The Art of Winning an Unfair Game, by Michael Lewis (2004).
  • “Who’s On First,” by Richard Thaler and Cass Sunstein (New Republic, 2003).
  • “The Framing of Decisions and the Psychology of Choice,” by Daniel Kahneman and Amos Tversky (Science, 1981).
  • “Prospect Theory: An Analysis of Decision Under Risk,” by Daniel Kahneman and Amos Tversky (Econometrica, 1979).
  • “Judgment under Uncertainty: Heuristics and Biases,” by Daniel Kahneman and Amos Tversky (Science, 1974).
  • “Subjective Probability: A Judgment of Representativeness,” by Daniel Kahneman and Amos Tversky (Cognitive Psychology, 1972).

• EXTRAS:
  • "Remembering Daniel Kahneman," by People I (Mostly) Admire (2024).
  • "Why Are People So Mad at Michael Lewis?" by Freakonomics Radio (2023).
  • "Did Michael Lewis Just Get Lucky with 'Moneyball'?" by Freakonomics Radio (2022).