Forty years ago, Israeli psychologists Daniel Kahneman and Amos Tversky. Summarized for Busy People - The Undoing Project (A Friendship That Changed Our Minds: Based on the Book by Michael Lewis). Many of the ways the mind fools itself were discovered by the team of Daniel Kahneman and Amos Tversky, whose research changed how we understand human behavior. Buy a cheap copy of The Undoing Project: A Friendship That. “Happy species endowed with infinite appreciation of pleasures and low sensitivity to pain would probably not survive the evolutionary battle,” they wrote. 1-Page PDF Summary of The Undoing Project The human mind is more prone to error than most of us would like to believe. For most people, the happiness involved in receiving a desirable object is smaller than the unhappiness involved in losing the same object.” It wasn’t hard to imagine why this might be-a heightened sensitivity to pain was helpful to survival. Summary, Analysis, and Review of Michael Lewiss The Undoing Project PLEASE NOTE: This is a key takeaways and analysis of the book and NOT the original book. “It reflects a general property of the human organism as a pleasure machine. “The greater sensitivity to negative rather than positive changes is not specific to monetary outcomes,” wrote Amos and Danny. To get them to flip a coin for ten thousand bucks, you had to offer them even better odds than you offered them for flipping it for a hundred. If they were going to lose $100 if the coin landed on heads, they would need to win $200 if it landed on tails. To get most people to flip a coin for a hundred bucks, you had to offer them far better than even odds. That is, when it was like most gambles in life. Upon its publication, The Undoing Project garnered rave reviews from critics and audiences alike. “The desire to avoid loss ran deep, and expressed itself most clearly when the gamble came with the possibility of both loss and gain. Lewis’ novel tells the story of the scientists’ friendship and the progress of their research throughout their career.
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