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The Undoing Project: A Friendship That Changed the World

Listen to Michael Lewis discuss his latest book on Freakonomics Radio: “The Men Who Started a Thinking Revolution” (skip to 1:50) and on Charlie Rose (much better than the former discussion); plus some print reviews in the New York Times, The New Yorker, the FT and The Economist. Below is a draft encyclopedia entry on Daniel Kahneman (and Amos…

Risky business

A new article in the latest issue of the PNAS entitled “Predicting risky choices from brain activity patterns“ (h/t to Shannon Selin). This study reminds me of Daniel Kahneman and Amos Tversky’s work: Prospect theory concerns the psychophysics of wealth utility: that is, the perceived tradeoffs between potential outcomes and the probability of some outcome occurring. Kahneman…