Michael Lewis is one of my favorite authors. I read Liar’s Poker prior to the financial crisis and it was very helpful in understanding the conversations surrounding the events of ’07/’08 as they unfolded. In this interview Lewis discusses his book The Undoing Project. A few quotes I like…
Min 45:50 – “People don’t decide between things, they decide between descriptions of things. And if you change the description, you change the decision.”
Min 46:18 – “People are always trying to make a probabilistic world deterministic.”
Min 46:25 – Michael Lewis quoting Amos Tversky – “Reality is not a point, its a cloud of possibility”
Min 1:24:19 – Interviewer quoting the book – “It can be much easier to change the world than to prove you’ve changed the world.”
I look forward to reading this book.