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Author: Michael Lewis

Narrator: Ryan

Format: MP3

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Language: English

Publish Date: 06/12/2016

Audiobook length: 31 min

Contents

Chapter 1Overview
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Chapter 2About Daniel Kahneman and Amos Tversky
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Chapter 3Kahneman and Tversky’s research on human judgment and prediction
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Chapter 4Kahneman and Tversky’s development of the prospect theory
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Chapter 5Summary & Review
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Why listen to The Undoing Project

Listening to the summary audiobook of "The Undoing Project" by Michael Lewis offers a concise yet insightful exploration of the groundbreaking collaboration between psychologists Daniel Kahneman and Amos Tversky, whose work revolutionized our understanding of human decision-making and cognitive biases. This engaging summary distills complex ideas into easily digestible concepts, making it accessible for anyone seeking to understand how our minds work and how we can improve our decision-making processes. By immersing yourself in this summary, you’ll gain valuable knowledge that can enhance both personal and professional aspects of your life, all while enjoying the compelling storytelling style of Michael Lewis.

Author : Michael Lewis

Michael Lewis, the author, is a prominent American best-selling author. He attended Princeton University and later the London School of Economics, and he used to write for The New York Times Magazine. He is an expert storyteller; most of his published works have been bestsellers. The book that first made his name, Liar's Poker, has been listed as a must-read book by many business schools.

Key Insights from The Undoing Project

  • The book explores the groundbreaking work of psychologists Daniel Kahneman and Amos Tversky, who challenged the traditional economic theory of rational decision-making. Their research reveals how cognitive biases and psychological factors significantly affect human judgment and decision-making processes.
  • Kahneman and Tversky's introduction of concepts such as 'prospect theory' demonstrates how people value potential losses and gains differently, often leading to irrational choices. This insight has transformed fields ranging from economics to behavioral finance by highlighting the disconnect between theoretical models and actual human behavior.
  • The collaborative relationship between Kahneman and Tversky illustrates the power of partnership in scientific discovery. Together, they pushed the boundaries of psychology, showing how their complementary strengths contributed to a deeper understanding of human thought and behavior.
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