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the undoing project detailed summary

October 25, 2020

“There is much evidence showing that, once an uncertain situation has been perceived or interpreted in a particular fashion, it is quite difficult to view it in any other way. The context in which we compare things informs how we understand and evaluate those things. If a basketball player makes 10 shots in a row, or if we absolutely crush a presentation at work, we expect this exceptional performance to continue. Handsome, fit players were more likely to be overvalued. So much conventional wisdom is bullshit, not just in sports but in the world as well, 10. The most effective way to teach people longer strings of information was to feed the information into their minds in smaller chunks. His noble reaction to living a short life has encouraged me to pursue the things that matter and not delay them to a future date. Sports players’ nickname affects how people perceive them. People seemed to believe that if a flipped coin landed on heads a few times in a row it was more likely, on the next flip, to land on tails—as if the coin itself could even things out. ‘I’ve had three or four drinks. I might be 5 percent off my game.’ No! Fat or misshapen sports players were more likely to be undervalued; 2. You can find all my book summaries — here. Thanks for exploring this SuperSummary Study Guide of “The Undoing Project” by Michael Lewis. “Things are grouped together for a reason, but, once they are grouped, their grouping causes them to seem more like each other than they otherwise would. They sought to minimize regret. If you want to weaken some stereotype, eliminate the classification.”. They are judgments that involve imperfect information and uncertainty. Formal schooling does a terrible job of preparing you to thrive as an adult. The Undoing Project Summary and Study Guide. Now these mistakes could be communicated…, Lean, Lean Manufacturing, Lean Startup: Clarified. the memorable. “Amos liked to say that if you are asked to do anything—go to a party, give a speech, lift a finger—you should never answer right away, even if you are sure that you want to do it. It was for me personally super interesting, as I’ve read dozens of journals co-authored by either or by both main characters — the last one being ‘Thinking Fast and Slow’. People overvalued the basketball players they own, 9. They provided a language and a logic for articulating some of the pitfalls people encounter when they think. People would undervalue a player nicknamed “Manboobs”. 3. There are gaps in our attention. What people remember about the past, they suggested, is likely to warp their judgment of the future. When they made decisions, people did not seek to maximize utility. Summary. Michael Lewis’ new book, The Undoing Project: A Friendship That Changed Minds discusses the underpinnings of Daniel Kahneman and Amos Tversky’s psychological work, focused on judgment and decision-making. 15. People overvalue players who physically look like successful players, 8. 36. Because of this, we can inadvertently reinforce or weaken stereotype by the nature of how we classify things. For most people, the happiness involved in receiving a desirable object is smaller than the unhappiness involved in losing the same object.”. 33. 1. See who else made the 2017 list. Wait a day, Amos said, and you’ll be amazed how many of those invitations you would have accepted yesterday you’ll refuse after you have had a day to think it over.”. 16. “It reflects a general property of the human organism as a pleasure machine. Just start walking and you’ll be surprised how creative you will become and how fast you’ll find the words for your excuse. Penguin, 2016. Although Amos Tversky died young, he felt that he had lived a good life. Please try again. . 18. 38. “Man’s inability to see the power of regression to the mean leaves him blind to the nature of the world around him.”. “intense mental activity hinders perception.”, 17. 6. They can make mistakes. They make these judgments by, in effect, counting up the features they notice. Get access to Foundations, a growing digital notebook with notes & lessons from 85+ timeless books. If you are presented with an invitation to do something, wait 24 hours to make a decision. Thanks you for being here. 28. The noticeability of features can be manipulated by the way they are highlighted, the sense of how similar two things are might also be manipulated. Loss aversion is the general tendency for humans to prefer avoiding losses to acquiring equivalent gains. The Undoing Project: A Friendship That Changed Our Minds by Michael Lewis. 34. The brain is limited. We think we are safe when we are not. That is, the mere act of classification reinforces stereotypes. You are actually 30 percent off your game. Can’t Hurt Me: Master Your Mind and Defy the Odds by David Goggins, The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution, Creativity, Inc.: Overcoming the Unseen Forces That Stand in the Way of True Inspiration by Ed Catmull, Barbarian Days: A Surfing Life by William Finnegan, Born Standing Up: A Comic’s Life by Steve Martin, Radical Acceptance: Embracing Your Life With the Heart of a Buddha by Tara Brach, Man’s Search for Meaning by Viktor Frankl, The 49 Best Philosophy Books to Expand Your Mind, How to Hire a Virtual Assistant That Scales Your Time and Business, 44 Badass Quotes to Unlock Your Potential. People predict very little and explain everything, 26. This principle is essential if you want to master the art of influence. Kindle AZW file. The mind contrives to make those gaps invisible to us. Predictions are not accurate statements of the world. Fat or misshapen sports players were more likely to be undervalued; 2. The following version of this book was used to create this study guide: Lewis, Michael.

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