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Extra: The Men Who Started a Thinking Revolution (Update)

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 14 April 2024

⏱️ 35 minutes

🧾️ Download transcript

Summary

The psychologist Daniel Kahneman — a Nobel laureate and the author of “Thinking, Fast and Slow” — recently died at age 90. Along with his collaborator Amos Tversky, he changed how we all think about decision-making. The journalist Michael Lewis told the Kahneman-Tversky story in a 2016 book called "The Undoing Project." In this episode, Lewis explains why they had such a profound influence.

Transcript

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0:00.0

Hey there. It's Stephen Dubner. The psychologist and Nobel Laureate Daniel Kahneman recently

0:06.6

died at age 90. If you've been a regular listener to Freak economics radio over the

0:11.0

years, you've likely heard us talk about Kahneman.

0:14.5

He became famous for his 2011 book Thinking Fast and Slow, but it was his decades of earlier

0:21.4

research, much of it done with his collaborator Amos Tversky. his

0:23.2

decades of earlier research, much of it done with his collaborator Amos Tversky, that revolutionized not only

0:27.2

psychology but helped create the field of behavioral economics. Their ideas hinged on the observation that we humans aren't nearly

0:36.0

as rational as standard economic theory would have us believe. In 2016, the journalist Michael

0:42.3

Lewis told the Kahneman Dversky story in his book The Undoing Project, a friendship that changed our minds.

0:50.0

We spoke with Lewis about that book when it was published and I wanted to replay that episode now in memory of Danny Kahneman.

0:58.0

If this episode doesn't fully satisfy your Kahneman curiosity, don't worry. We have just begun work on a proper

1:06.0

retrospective of his life and career. If all goes well, you will hear that in a few months.

1:12.3

As always, thanks for listening. There aren't many people in the world write excellent books that also get turned into excellent films.

1:30.4

Among them is this guy.

1:32.1

My name is Michael Lewis and I just think of myself as a writer.

1:36.0

What makes Michael Lewis's rare feet even rarer is that his books wouldn't seem at all conducive to the Hollywood treatment.

1:43.6

Books like Moneyball.

1:45.0

Which was about the way the Oakland A's managed to function

1:47.9

on a shoestring budget in Major League Baseball.

1:51.1

And the book was, in my mind really about the way the market

1:55.6

for baseball players misvalue those players that the then experts in

2:00.5

baseball scouts would make big mistakes in deciding who was a good player

...

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