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People I (Mostly) Admire

27. Daniel Kahneman on Why Our Judgment is Flawed — and What to Do About It

People I (Mostly) Admire

Freakonomics Radio + Stitcher

Society & Culture

4.62K Ratings

🗓️ 15 May 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

Nobel laureate, best-selling author, and groundbreaking psychologist Daniel Kahneman is also a friend and former business partner of Steve’s. In discussing Danny’s new book Noise: A Flaw in Human Judgment, the two spar over inconsistencies in criminal sentencing and Danny tells Steve that “Your attitude is unusual” — no surprise there.

Transcript

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0:00.0

Danny Kahneman is an intellectual giant.

0:07.7

Trained as a psychologist and not an economist, he nonetheless received the 2002 Nobel Prize

0:13.1

in Economics.

0:14.1

But a Nobel Prize doesn't begin to capture Danny's influence.

0:18.3

Within academics, the scholar's impact is measured by citations, the number of times

0:22.5

other research articles refer to one scholarship.

0:25.4

Incredibly, of all the research papers ever written in the social sciences, Danny and

0:30.4

his co-author Amos Tabersky have written not just one, but two of the ten most cited articles

0:36.3

of all time.

0:37.3

I've had a pretty successful career in academics, but Danny has 26 papers that have more citations

0:44.5

than my most heavily cited paper.

0:47.0

And he proved he could connect with a popular audience as well.

0:50.2

His 2011 book, Thinking Fast and Slow, was a blockbuster bestseller.

0:59.1

Welcome to People I Mostly Admire, with Steve Levitt.

1:08.1

I'm at Danny Kahneman for the first time in 2009.

1:11.4

I was in New York City shortly after the release of Super Freakonomics to follow up to

1:15.4

Freakonomics.

1:16.9

And that book was proving to be quite controversial because of a chapter we'd written on climate

1:20.8

change.

1:21.8

Anyway, I was eating dinner in a New York City restaurant and completely by chance Danny

1:25.8

happened to be also dining there.

1:28.0

A mutual friend introduced us and I was shocked when Danny mentioned offhandedly that he

...

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