The Undoing Project: A Friendship that Changed Our Minds
Written by Michael Lewis
Narrated by Dennis Boutsikaris
4/5
()
About this audiobook
Forty years ago, Israeli psychologists Daniel Kahneman and Amos Tversky wrote a series of breathtakingly original studies undoing our assumptions about the decision-making process. Their papers showed the ways in which the human mind erred, systematically, when forced to make judgments about uncertain situations. Their work created the field of behavioral economics, revolutionized Big Data studies, advanced evidence-based medicine, led to a new approach to government regulation, and made much of Michael Lewis’s own work possible. Kahneman and Tversky are more responsible than anybody for the powerful trend to mistrust human intuition and defer to algorithms.
The Undoing Project is about the fascinating collaboration between two men who have the dimensions of great literary figures. They became heroes in the university and on the battlefield―both had important careers in the Israeli military―and their research was deeply linked to their extraordinary life experiences. In the process they may well have changed, for good, mankind’s view of its own mind.
Editor's Note
Unites Lewis’s works…
The book unfolds much like a love story without the romance — there is infatuation, distancing, and heartbreak. Ultimately, “The Undoing Project” illuminates one of the 20th century’s greatest collaborations, and the power of two minds becoming one.
Michael Lewis
Michael Lewis is the host of the podcast Against the Rules. He has published many New York Times bestselling books, including Liar's Poker, The Fifth Risk, Flash Boys, and The Big Short. Movie versions of The Big Short, Moneyball, and The Blind Side were all nominated for Academy Awards. He grew up in New Orleans and remains deeply interested and involved in the city but now lives in Berkeley, California, with his wife, Tabitha Soren, and their children.
More audiobooks from Michael Lewis
Liar's Poker: Rising Through the Wreckage on Wall Street Rating: 4 out of 5 stars4/5The New New Thing: A Silicon Valley Story Rating: 4 out of 5 stars4/5On Coaching: The Against the Rules Anthology Rating: 5 out of 5 stars5/5Making Winners: The Coaching Explosion Rating: 5 out of 5 stars5/5The Money Culture Rating: 4 out of 5 stars4/5Forex Trading Fundamentals: A Comprehensive Guide to Currency Market Success Rating: 2 out of 5 stars2/5The Resilience Imperative: Cooperative Transitions to a Steady-state Economy Rating: 2 out of 5 stars2/5Moneyball: The Art of Winning an Unfair Game Rating: 4 out of 5 stars4/5The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s Rating: 0 out of 5 stars0 ratingsCoach: Lessons on the Game of Life Rating: 4 out of 5 stars4/5The Big Short: Book Summary and Analysis Rating: 0 out of 5 stars0 ratingsPanic!: The Story of Modern Financial Insanity Rating: 4 out of 5 stars4/5Has Anyone Seen the President? Rating: 4 out of 5 stars4/5The Blind Side: Evolution of a Game Rating: 0 out of 5 stars0 ratingsNext: The Future Just Happened Rating: 0 out of 5 stars0 ratings
Related to The Undoing Project
Related audiobooks
Panic!: The Story of Modern Financial Insanity Rating: 4 out of 5 stars4/5Has Anyone Seen the President? Rating: 4 out of 5 stars4/5The Resilience Imperative: Cooperative Transitions to a Steady-state Economy Rating: 2 out of 5 stars2/5The Winner's Curse: Paradoxes and Anomalies of Economic Life Rating: 4 out of 5 stars4/5The Predictably Irrational Rating: 4 out of 5 stars4/5Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets Rating: 4 out of 5 stars4/5Scarcity: Why Having Too Little Means So Much Rating: 4 out of 5 stars4/5Payoff: The Hidden Logic That Shapes Our Motivations Rating: 4 out of 5 stars4/5Den of Thieves Rating: 4 out of 5 stars4/5The Code Breaker: Jennifer Doudna, Gene Editing, and the Future of the Human Race Rating: 5 out of 5 stars5/5Nudge: The Final Edition: Improving Decisions About Money, Health, And The Environment Rating: 5 out of 5 stars5/5Being Wrong: Adventures in the Margin of Error Rating: 4 out of 5 stars4/5Everybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are Rating: 4 out of 5 stars4/5The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home Rating: 4 out of 5 stars4/5Who Gets What—And Why: The New Economics of Matchmaking and Market Design Rating: 4 out of 5 stars4/5Corruptible: Who Gets Power and How It Changes Us Rating: 5 out of 5 stars5/5Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis Rating: 5 out of 5 stars5/5Connected: The Surprising Power of Our Social Networks and How They Shape Our Lives Rating: 4 out of 5 stars4/5Wanting: The Power of Mimetic Desire in Everyday Life Rating: 5 out of 5 stars5/5The Dragonfly Effect: Quick, Effective, and Powerful Ways To Use Social Media to Drive Social Change Rating: 5 out of 5 stars5/5The Lexus and the Olive Tree: Understanding Globalization Rating: 4 out of 5 stars4/5Rule Makers, Rule Breakers: How Tight and Loose Cultures Wire Our World Rating: 4 out of 5 stars4/5The Honest Truth About Dishonesty: How We Lie to Everyone---Especially Ourselves Rating: 4 out of 5 stars4/5A World Without Work: Technology, Automation, and How We Should Respond Rating: 4 out of 5 stars4/5Don't Trust Your Gut: Using Data to Get What You Really Want in Life Rating: 4 out of 5 stars4/52030: How Today's Biggest Trends Will Collide and Reshape the Future of Everything Rating: 5 out of 5 stars5/5Michael Lewis traces the ‘gutting of the civil service' under Trump: Full Interview Rating: 5 out of 5 stars5/5Making Numbers Count: The Art and Science of Communicating Numbers Rating: 5 out of 5 stars5/5
Business For You
Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly Rating: 5 out of 5 stars5/5Company Rules: Or Everything I Know About Business I Learned from the CIA Rating: 4 out of 5 stars4/5Getting Things Done: The Art of Stress-Free Productivity Rating: 4 out of 5 stars4/5Habit 1 Be Proactive: The Habit of Choice Rating: 4 out of 5 stars4/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5The Artist's Way at Work: Riding the Dragon: Twelve Weeks to Creative Freedom Rating: 4 out of 5 stars4/5The Millionaire Next Door: The Surprising Secrets Of Americas Wealthy Rating: 5 out of 5 stars5/5Algorithms to Live By: The Computer Science of Human Decisions Rating: 4 out of 5 stars4/5Habit 6 Synergize: The Habit of Creative Cooperation Rating: 4 out of 5 stars4/5Silva Mind Control Method Of Mental Dynamics Rating: 5 out of 5 stars5/5The Energy Bus: 10 Rules to Fuel Your Life, Work, and Team with Positive Energy Rating: 5 out of 5 stars5/5Getting to Yes: How to Negotiate Agreement Without Giving In Rating: 4 out of 5 stars4/5The Sociopath Next Door: The Ruthless Versus the Rest of Us Rating: 4 out of 5 stars4/5The End of the World is Just the Beginning: Mapping the Collapse of Globalization Rating: 5 out of 5 stars5/5The TenX Rule: The Only Difference Between Success and Failure Rating: 5 out of 5 stars5/5Habit 3 Put First Things First: The Habit of Integrity and Execution Rating: 4 out of 5 stars4/5Seeing What Others Don't: The Remarkable Ways We Gain Insights Rating: 4 out of 5 stars4/5The Secret to Money Masterclass Rating: 5 out of 5 stars5/5Traction: Get a Grip on Your Business Rating: 5 out of 5 stars5/5Essentialism by Greg McKeown - Book Summary: The Disciplined Pursuit of Less Rating: 5 out of 5 stars5/5Manage Your Day-to-Day: Build Your Routine, Find Your Focus, and Sharpen Your Creative Mind Rating: 4 out of 5 stars4/5How To Lie With Statistics Rating: 4 out of 5 stars4/5The Charisma Myth: How Anyone Can Master the Art and Science of Personal Magnetism Rating: 5 out of 5 stars5/5The Catalyst: How to Change Anyone's Mind Rating: 5 out of 5 stars5/5Get to the Point!: Sharpen Your Message and Make Your Words Matter Rating: 5 out of 5 stars5/5Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice Rating: 5 out of 5 stars5/5The Asshole Survival Guide: How to Deal with People Who Treat You Like Dirt Rating: 4 out of 5 stars4/5Collaborating with the Enemy: How to Work with People You Don’t Agree with or Like or Trust Rating: 4 out of 5 stars4/5The Design of Everyday Things Rating: 4 out of 5 stars4/5
Reviews for The Undoing Project
784 ratings51 reviews
What our readers think
Readers find this title to be a fascinating and enriching read. It explores the history of decision theory and the impact of psychology on economics and policy. The book delves into the complex relationship between the two main characters and their groundbreaking work. It is written beautifully and provides significant insight into the human mind. Overall, it is a must-read for those interested in psychology and the study of people.
- Rating: 3 out of 5 stars3/5Excellent book & splendid narration. These deserve 5 stars. 3 star rating is primarily for the audio content. Audio seemed to be missing parts. End of each chapter seemed abrupt in many chapters -- the narrator is suddenly cut off mid sentence. I can't tell if it's from scribd or the original recording but this took away from an otherwise enjoyable book.
3 people found this helpful
- Rating: 5 out of 5 stars5/5What a fascinating book, written beautifully and read soulfully
- Rating: 4 out of 5 stars4/5A great story about a couple of remarkable people who dared! Logic is not always logical.
- Rating: 5 out of 5 stars5/5Fascinating story about how researchers got a look into how people think. And how they DON’T.
- Rating: 4 out of 5 stars4/5Liked this book. The first part of the book was the most enjoyable for me. The friendship and working relationship between Amos and Danny was very complex. Worth a listen.
- Rating: 5 out of 5 stars5/5Give this a listen! There are too many people in the world who aren't aware of Daniel Kahneman and Amos Tversky. Michael Lewis is a genius storyteller. Give it a listen now!
- Rating: 5 out of 5 stars5/5I believe this is a quintessential pre-requisite book to understand "Thinking Fast and Thinking Slow". This book provides a lot of context on the collaboration of the greatest minds of our time. There are interesting stories of collaboration, friendship, psychology, economics and impact of the work of geniuses that are - Daniel Kahneman & Amos Tversky. Michael Lewis does an excellent job of unwinding this collaboration, exploring the friendship, motivations, and work. Treat this as a meta-book and not an academic one. I am now motivated to explore the areas of choice architecture and how it can be of impact in the technology world. Needless to say, I am also looking to re-read Moneyball and finish reading Thinking Fast and Thinking Slow. A brilliant book and a must read.
- Rating: 5 out of 5 stars5/5I had no idea what this book was going to be about, I just picked it somewhat at random as the first book to listen to with my new Scribd account. Fascinating! It held my attention the whole time. I love psychology and the study of people.
- Rating: 4 out of 5 stars4/5Normally I prefer just the facts over biography, but the amazing saga of Kahneman & Tversky's love story bromance is almost Shakespearean
- Rating: 1 out of 5 stars1/5It looks that the good rating is given by the author fans, maybe if you are already in love with its work you can appreciate it. For a honest ignorant as myself It is really boring,if you enjoy just to read stories, take it under your own risk
- Rating: 5 out of 5 stars5/5Years ago, I had been avoiding non-fiction books because I thought that would be to difficult to understand and boring. But it turns out to be as fun as reading a fiction
- Rating: 5 out of 5 stars5/5The best Michel Lewis book yet — which is no small praise.
- Rating: 4 out of 5 stars4/5Listened to about half and enjoyed it, but felt that I was capturing too little of the information and moved on to music.
- Rating: 5 out of 5 stars5/5“And then the phone rang.” - One of best endings to a book, fiction or nonfiction, in a long time. It’s proceeded by an incredible story, well told, that gives its ending such power.
- Rating: 5 out of 5 stars5/5nice and superb i like this book.
enjoy and happy - Rating: 4 out of 5 stars4/5The book was filled with great storytelling and significant insight into the human mind.
- Rating: 5 out of 5 stars5/5Fantastic! I knew nothing about psychology but it was a blast to read about the odd, yet delightful pair whose work continues to influence our daily lives for the better.
- Rating: 3 out of 5 stars3/5I only reccomend for those interested on the particulars of Danny's and Amos' lives trajectories.
- Rating: 5 out of 5 stars5/5Great story about the history of decision theory and how psychology entered the realms of economics and policy. These guys were truly brilliant and the insights they produced in their work and the insights the author explored about their lives made for a really fascinating and enriching read. A really interesting dive into the mind and “cognitive illusions” and the history of the people and the studies that brought them to life.
- Rating: 5 out of 5 stars5/5A moving account of a scholarly collaboration that lasted for decades and broke ground for many disciplines. Michael Lewis is a compelling story teller, and what a powerful conclusion he left us with.
- Rating: 4 out of 5 stars4/5Interesting bio of two men who changed economics without really intending to do so. This story is more about the relationship between the two men than it is about their work.
- Rating: 5 out of 5 stars5/5Surprising story of Daniel Kahneman- the psychologist who won the Nobel Prize for his work that changed the way we think about decision making.
- Rating: 5 out of 5 stars5/5A dual biography is an unusual thing, but after reading this, there is no way you could write a life of Danny without Amos or vice versa.
Read this before "Thinking Fast and Slow". That book is more important, but it doesn't have a story, so it is hard to keep all the ideas in your head. This book shows how one idea came from another, plus you'll know something about these remarkable two people who blew up the foundations of economics and psychology. - Rating: 4 out of 5 stars4/5This is more of a biography then I had expected, and I had to push through the middle - but in the end it was very compelling.
- Rating: 2 out of 5 stars2/5nonfiction (sociology/psychology/statistics). I got to chapter 3 but stopped because I wasn't absorbing the text at all--I like Malcolm Gladwell and Steven Levitt stuff, and this seems pretty similar, but I think the psych/statistics stuff would be easier for me without all the warring soldiers context--may have to try this on audio instead.
- Rating: 3 out of 5 stars3/5I don't often go down to 3 stars but I have on this one. I say that because I am picky and tend make my book choices based on what others have said about a book or author, both friends and strangers. I had read a few good write ups about this book and was looking forward to reading it.
However, for me, it didn't pan out as well as I expected. I couldn't quote work out what it was, was it a biography or an elongated article in New Scientist? Not that definitions are overly important but having some kind of framework when reading a book quite of helps to get closer to what the author is trying to get across. If you are reading a biography but think it’s a thriller then you will get the kind of feeling that I had when reading this. There's lots of detail about the mens lives both personal and academic but it doesn't reveal much other than itself. And the long tracts about their work is both interesting and revealing but then what?
I apologise if this seems garbled but that was kinda how I felt in this, I have not read any other reviews of this book, apart from initial write ups that introduced me to it, so I have no idea if it is just me.
Either way, good luck if you give it a go. - Rating: 4 out of 5 stars4/5To me, this book is far less about discovering how psychological factors influence economics or anything like that, and much more about criticising every choice you make, whatever subject it is about: choosing your partner, the right job candidate, connecting dots in every way, or...basketball pros. From the book:
People who didn’t know Daryl Morey assumed that because he had set out to intellectualize basketball he must also be a know-it-all. In his approach to the world he was exactly the opposite. He had a diffidence about him—an understanding of how hard it is to know anything for sure. The closest he came to certainty was in his approach to making decisions. He never simply went with his first thought. He suggested a new definition of the nerd: a person who knows his own mind well enough to mistrust it.
Hence, Mr. Morey decided to start questioning things more:
The limits of any model invited human judgment back into the decision-making process—whether it helped or not. And thus began a process of Morey trying as hard as he’d ever tried at anything in his life to blend subjective human judgment with his model. The trick wasn’t just to build a better model. It was to listen both to it and to the scouts at the same time. “You have to figure out what the model is good and bad at, and what humans are good and bad at,” said Morey. Humans sometimes had access to information that the model did not, for instance. Models were bad at knowing that DeAndre Jordan sucked his freshman year in college because he wasn’t trying. Humans were bad at . . . well, that was the subject Daryl Morey now needed to study more directly.
This is where some of our human fallacies come into play:
The mere fact that a player physically resembled some currently successful player could be misleading. A decade ago a six-foot-two-inch, light-skinned, mixed-race guy who had gone unnoticed by major colleges in high school and so played for some obscure tiny college, and whose main talent was long-range shooting, would have had no obvious appeal. The type didn’t exist in the NBA—at least not as a raging success. Then Stephen Curry came along and set the NBA on fire, led the Golden State Warriors to an NBA championship, and was everyone’s most valuable player. Suddenly—just like that—all these sharp-shooting mixed-race guards were turning up for NBA job interviews and claiming that their game was a lot like Stephen Curry’s; and they were more likely to get drafted because of the resemblance. “For five years after we drafted Aaron Brooks, we saw so many kids who compared themselves to Aaron. Because there are so many little guards.” Morey’s solution was to forbid all intraracial comparison. “We’ve said, ‘If you want to compare this player to another player, you can only do it if they are a different race.’” If the player in question was African American, for instance, the talent evaluator was only allowed to argue that “he is like so-and-so” if so-and-so was white or Asian or Hispanic or Inuit or anything other than black. A funny thing happened when you forced people to cross racial lines in their minds: They ceased to see analogies. Their minds resisted the leap. “You just don’t see it,” said Morey. Maybe the mind’s best trick of all was to lead its owner to a feeling of certainty about inherently uncertain things. Over and again in the draft you saw these crystal-clear pictures form in the minds of basketball experts which later proved a mirage. The picture in virtually every professional basketball scout’s mind of Jeremy Lin, for instance. The now world-famous Chinese American shooting guard graduated from Harvard in 2010 and entered the NBA draft. “He lit up our model,” said Morey. “Our model said take him with, like, the 15th pick in the draft.” The objective measurement of Jeremy Lin didn’t square with what the experts saw when they watched him play: a not terribly athletic Asian kid. Morey hadn’t completely trusted his model—and so had chickened out and not drafted Lin. A year after the Houston Rockets failed to draft Jeremy Lin, they began to measure the speed of a player’s first two steps: Jeremy Lin had the quickest first move of any player measured. He was explosive and was able to change direction far more quickly than most NBA players. “He’s incredibly athletic,” said Morey. “But the reality is that every fucking person, including me, thought he was unathletic. And I can’t think of any reason for it other than he was Asian.”
The above is culled from the very beginning of this book, which is not your average pop-scientific, stats-that-make-you-go-wow book; personally, I care not for economics or anything like that. Not at all.
However, at its core is lovely writing about the strange and extremely beauteous friendship between Danny Kahneman and Amos Tversky. Both were very different as persons, but as such, they came together and created some great theorems into which I won't delve due to the spoiler-ish nature of that, along with the fact that I could simply not do that stuff justice by describing it. If you feel the need to be properly and sweetly overwhelmed with geeky stuff that's psychology intertwined into choices made—much á la the Oscar-winning film "A Beautiful Mind", although this book makes science come alive in even more profound ways than the simplistic film did—just read this book.
Something that Tversky's son said kind of defines both Tversky and Kahneman:
“He loved people,” said his son Oren. “He just didn’t like social norms.” A lot of things that most human beings would never think to do, to Amos simply made sense. For instance, when he wanted to go for a run he . . . went for a run. No stretching, no jogging outfit or, for that matter, jogging: He’d simply strip off his slacks and sprint out his front door in his underpants and run as fast as he could until he couldn’t run anymore. “Amos thought people paid an enormous price to avoid mild embarrassment,” said his friend Avishai Margalit, “and he himself decided very early on it was not worth it.”
I strongly recommend that you read this book. If not for the science and wow if that, then for a fantastically well-written story about two persons and their lives together. This is a lovely, heartwarming read. - Rating: 4 out of 5 stars4/5This is a mindbender. The ideas presented will have to be revisited. But I could do without revisiting the emotions felt while learning about Danny and Amos.
- Rating: 4 out of 5 stars4/5Michael Lewis has written often about applying data and reason to subjects often defined by unfounded "gut instincts". He's the perfect person then, to introduce the work of Daniel Kahneman and Amos Tversky, the Israeli scientists who changed the way we think about the way human minds really think. Besides explaining the research, Lewis also lets us see the way these two vastly different men had a way of thinking together that was full of more genius and love than the two of them working alone could ever achieve.
When you finish his book, you'll start noticing how often Kahneman and Tversky's work on decision theory pops up in areas of design, economics, politics and any other field that depends on an understanding of human psychology. You'll start questioning the reasons for the choices you and others make and you may even understand how people could think that fake news is real and real news fake. Kahneman's book, "Thinking, Fast & Slow" is now near the top of my must-reads. - Rating: 5 out of 5 stars5/5Well told! Details behind the published research (that I've read a whole bunch of!). Story telling as Michael Lewis is very capable of making interesting.