Kahneman and Tversky are more responsible than anybody for the powerful trend to mistrust human intuition and defer to algorithms. 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. Their papers showed the ways in which the human mind erred, systematically, when forced to make judgments about uncertain situations.
Bestselling author Michael Lewis examines how a Nobel Prize–winning theory of the mind altered our perception of reality.įorty years ago, Israeli psychologists Daniel Kahneman and Amos Tversky wrote a series of breathtakingly original studies undoing our assumptions about the decision-making process.
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