This is Mesters in Business with Barry Reynolds on Bloomberg Radio.

This week on the podcast, what can I say?

Another extra special guest, Danny Conneman, Nobel Prize winner, author of Thinking Fast and Slow,

his new book is Noise a Fun Human Judgment, and Danny is just so knowledgeable,

please call me Danny. I feel like I have to call him Professor Conneman, and he insists

he's 87 years old and incredibly sharp and insightful and just so much wisdom and knowledge.

If you liked Thinking Fast and Slow, which is about judgment error in humans and individuals,

well, Noise is about how flaws in judgment within broader institutions come about.

It's a totally different area and it's absolutely fascinating.

I'm a big fan of behavioral finance in general, plus all of Danny's work historically.

If you are remotely interested in this, then strap yourself in.

This is another doozy with no further ado, my conversation with Danny Conneman.

This is Mesters in Business with Barry Reynolds on Bloomberg Radio.

I'm extra special guest this week is Danny Conneman.

He was awarded the 2002 Nobel Memorial Prize in Economic Sciences, which he shared with Vernon Smith

for his empirical findings, the work he did with Amos Tversky, and what's so fascinating about that Nobel Prize

is that Danny is a psychologist.

The work they did challenged the prevailing thoughts in economic theory by establishing a basis for common human errors.

His previous book Thinking Fast and Slow was the best seller of 2011 and one of a variety of different awards,

including the National Academy's Communication Award for Best Creative Work.

His latest book is Just Out, Noise, a Floor in Human Judgment, which Danny Conneman wrote with Oliver Suboney and Cass Sunstein.

Danny Conneman, welcome back to Bloomberg.

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