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This is biographical about two men Daniel Kahneman (DK) and Amos Tversky (AT). There is a little about their backgrounds. Most of this is about their work, discoveries, and interaction as adults. They had a close partnership for about ten years. That slowed down after they moved to the U.S. and lived in different places.
There were many fascinating ideas in this book. I previously read the book Thinking, Fast and Slow by Daniel Kahneman. Some of those ideas were also mentioned in this book.
The biggest idea from these two men was that human intuition, opinions, and judgement is faulty, not reliable, not predictable. Most economists were reluctant to accept this. It ruined their supply/demand/market ideas. But eventually they accepted it. Thus the Nobel prize in Economics was given to DK in 2002. Since the Nobel prize is only given to living people AT was not named, but everyone knew he was part of it.
One example is doctors. They interviewed doctors asking what they looked for when deciding if something was stomach cancer (or it may have been ulcers, I forget). They came up with a list which they put into a computer. Then they did a study giving test cases to doctors. The computer consistently beat the doctors. And, doctors even disagreed with themselves - when given the same case twice sometimes the doctors would give different answers.
Dennis Boutsikaris was excellent. Good job removing his breathing noises.
Narrative mode: 3rd person. Story length: 10 hrs and 18 mins. Swearing language: s*** used once or twice. Book copyright: 2016. Genre: biography.
10 of 11 people found this review helpful
I think that what most people love about Michael Lewis is his attention to detail.
This book goes into the deep thoughts between two Israeli doctors as they discover psychology of the "irrational"consumer.
My comments to Michael Lewis will be, great job on the research and the writing! You're an artist the way that you put things together.
I expected more details about their research and the data which was collected. There were just a couple of times where I was not clear about what their research was trying to represent. I feel like I need to go back and listen to the book again.
Overall I loved the story of the meaningful purpose between these two men as i have read other books which often quote their work. It is interesting to know about the sweat and tears behind their success.
37 of 45 people found this review helpful