Posts tagged "Daniel Kahneman"

Sway: The Irresistible Pull of Irrational Behaviour

Why We Often Continue with Failing Projects for Far Too Long

January 14, 2019 Posted by Excerpts 0 thoughts on “Why We Often Continue with Failing Projects for Far Too Long”

“To withdraw now is to accept a sure loss,” he writes about digging oneself deeper into a political hole, “and that option is deeply unattractive.” When you combine this with the force of commitment, “the option of hanging on will therefore be relatively attractive, even if the chances of success are small and the cost of delaying failure is high.”

Excerpt from: Sway: The Irresistible Pull of Irrational Behaviour by Ori Brafman and Rom Brafman

adam buxton episode 66

On Errors of Judgment Based on Rules of Thumb

November 4, 2018 Posted by Podcasts 0 thoughts on “On Errors of Judgment Based on Rules of Thumb”

Adam talks with American writer Michael Lewis (The Big Short, Money Ball, Liar’s Poker etc.) about his book ‘The Undoing Project’, which tells the story of the friendship and fascinating work of psychologists Amos Tversky and Nobel prize winner Daniel Kahneman.

Much of the work of Tversky and Kahneman focuses on the human capacity to make errors of judgment based on unhelpful prejudices and rules of thumb that frequently operate beneath the level of our awareness.

Michael explains a few of these to Adam (who has never engaged in fallacies or systematic errors of any kind) as well as talking about the tensions that shaped Kahneman and Tversky’s friendship.

The conversation was recorded when Michael was visiting London in November 2017.

Listen: THE ADAM BUXTON PODCAST EP.66 – MICHAEL LEWIS

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