To calculate the overall star rating and percentage breakdown by star, we do not use a simple average. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. It also analyses reviews to verify trustworthiness.
People who are self-consciously very smart occasionally make for enjoyable subjects but not here. This is a tale of two (now famous) Israeli psychologists who developed analysis and theories on why people make the decisions they do, uncovering unconscious biases like loss aversion and developing ideas like prospect theory. And doubtless they have helped to feed the mass market publishing industry that is now known as "smart thinking". Like a lot of content in that category, I came away thinking what a load of hocus pocus. But maybe I am saying this because I am unconsciously biased against people that are smarter than me......
I already had a good understanding of the work of Tversky and Khaneman prior to reading this book. For those new to the field of Behavioural Economics this may not be the best starting point, nor is it intended to be.
What this book achieves is to take their work and set it within a narrative structur. In doing so, it gives it context, makes it easier for the layperson to understand and adds humanity to an academic field.
The book is, of course, beautifully written. It flows with an ease making it almost impossible to put down.
If Michael Lewis should read this review, I would like to offer him my heartfelt gratitude for making the fascinating work of these incredible men come alive.
This is my most-prized book of 2016 and will be treasured forever. My one and only criticism is the frustrating lack of an index. An irrational decision in itself.
Michael Lewis has written better books. This book is very repetitive and tiring in an effort to be exciting. It could definetely be shorter and meatier. If you have a sincere interest in the work of Tversky and Kanneman you are better off reading their papers and skipping the description of the friendship.
Brilliant Michael Lewis does it again. Easy to zip through regardless of your background. Anyone with an interest in humans would enjoy this. Personally, I had no idea how much I owed to two psychologists who made economics seem so much human and accessible to me in the small amount of behavioural economics I was taught in my undergrad / postgrad. This isn't just a dry read about how two guys changed the thinking of academics in a different field to their own - it's a journey about the lives of two extra-ordinary people, how two minds, two personalities that appear ill suited can have the most wonderful relationship and produce the most remarkable work. Don't umm - buy it and read it.
This book is a love story. The love of discovery. The love of one's beliefs. The love for challenge. The love for another. For one another. I've loved reading all of the 'behavioural economics' literature and fell spellbound by Thinking Fast and Slow by Professor Kahneman and was once fortunate to have met him personally in 2011. This book made me fall in love with the mind of Amos Tversky, a man I never met. Michael Lewis creates portraits of two people that worked together in a perfect marriage of beautiful minds. The brilliance of the book is that it opens our minds to the realness of genius - it's misty origins, the combination of two things, the flaws, the detractors, the time things take. I loved this book.
This may be a superficial assessment but I struggled to make the connection between the psychological models they devised and the claims made for their application in real life situations. (Establishing the fact that using mobile phones whilst driving was dangerous? Really?) I also found it difficult to warm to them as individuals. I stuck with it to the end but overall a really disappointing and frustrating read.
I have read this book, cover to cover, and every word, twice. An important story not just of 'economics', but psychology; Israel's early days as a nation; and the vital need for academics to always seek practical expressions of their research work.
Excellent book outlining cognitive bias concepts through the story of the two psychologists that developed the theory. Good background information for professional psychologists and good elucidation of the concepts for those unfamiliar with the theory.