Recommendations from our site
“I like to say that this is the best-edited book that I’ve ever seen, at least since the New Testament. It has become gradually more popular over the last few decades; now it’s sometimes called behavioural economics, but it’s basically psychology. I think it’s just incredible – studies of overconfidence, of how people estimate uncertain quantities, the importance of the framing – I could give you a million examples of where if you describe a decision option in a different way, people make a different choice.” Read more...
Andrew Gelman, Mathematician
“This is one of the most influential books in modern economics. But first of all, it’s just this list of incredibly clever experiments, where Kahneman and Tversky just asked their undergraduates very simple hypothetical questions. They took these very simple protocols and transformed them into the first really hard proof that people consistently violate the expectation of rational agents. That we don’t think like homo economicus at all. Irrationality is embedded deep into our operating system.” Read more...
The best books on Decision-Making
Jonah Lehrer, Science Writer
