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A friendship that changed our minds’ by Michael Lewis

Author

Listed:
  • Riccardo De Bonis

    (Banca di Italia)

Abstract

The article is a review of ‘The Undoing Project: A Friendship That Changed Our Minds’ by Michael Lewis. After describing the formative years of the two psychologists , the article summarises the concept of rationality in economics before the work of Kahneman and Tversky and analyses the innovations they introduced, focusing on prospect theory. To conclude, the scientific heritage of the Israeli duo is discussed.

Suggested Citation

  • Riccardo De Bonis, 2018. "A friendship that changed our minds’ by Michael Lewis," Argomenti, University of Urbino Carlo Bo, Department of Economics, Society & Politics, vol. 11(11), pages 1-9, September.
    • Handle: RePEc:urb:journl:v:11:y:2018:p:1-9
    DOI: 10.14276/1971-8357.1801
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    File URL: http://www.econ.uniurb.it/RePEc/urb/journl/1801-7837-1-PB.pdf
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    More about this item

    Keywords

    behavioral economics; Kahneman; Tversky; rationality.;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • Y30 - Miscellaneous Categories - - Book Reviews - - - Book Reviews

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