Judgment Under Uncertainty Book Summary

In "Judgment Under Uncertainty," renowned psychologists Daniel Kahneman, Paul Slovic, and Amos Tversky delve into the intricate ways humans make decisions amid uncertainty. Through groundbreaking research, they unveil the cognitive biases and heuristics that often lead to flawed judgments. This book not only illuminates the limitations of human reasoning but also explores the implications for economics, policy-making, and personal choices. Prepare to challenge your perceptions and discover the unseen forces shaping your decisions. Can you trust your instincts when the stakes are high?

By Daniel Kahneman, Paul Slovic, Amos Tversky

Published: 1982

""We often make decisions based on intuition and biases, leading us to underestimate uncertainty and overestimate our understanding of the world.""

Judgment Under UncertaintyBook binding

Start Listening to Book Summary

0:000:00

Book Review of Judgment Under Uncertainty

Thirty-five chapters describe various judgmental heuristics and the biases they produce, not only in laboratory experiments, but in important social, medical, and political situations as well. Most review multiple studies or entire subareas rather than describing single experimental studies.

Book Overview of Judgment Under Uncertainty

About the Book Authors

D

Daniel Kahneman

Daniel Kahneman is a renowned psychologist and Nobel laureate best known for his groundbreaking work in behavioral economics and cognitive psychology. Born on March 5, 1934, in Tel Aviv, he significantly influenced our understanding of decision-making, judgment, and the biases that affect human thought processes. His bestselling book, "Thinking, Fast and Slow," explores the dual systems of thought and has had a profound impact on a wide range of fields, from economics to public policy. Kahneman's research has earned him numerous accolades and recognition, solidifying his position as a leading figure in the study of human behavior. Through his work, he has inspired both scholars and practitioners to reevaluate how we understand rationality and decision-making in everyday life.

P

Paul Slovic

Paul Slovic is a prominent psychologist and author, known for his extensive work in the fields of decision-making, risk perception, and psychology. He is a professor of psychology at the University of Oregon and has published numerous influential papers and books, including 'The Perception of Risk' and 'Numbers and Nerves: Information, Emotion, and Meaning in a World of Data.' Slovic's writing is characterized by its analytical depth and accessibility, blending empirical research with philosophical insights. His contributions have significantly shaped the understanding of how people interact with risk and uncertainty.

A

Amos Tversky

Amos Tversky (1937-1996) was an influential cognitive psychologist and a pioneer in the field of behavioral economics. Known for his groundbreaking work on decision-making under uncertainty and the psychology of judgment, Tversky's research challenged traditional economic theory through his examination of cognitive biases and heuristics. Some of his most notable works include the development of Prospect Theory, co-authored with Daniel Kahneman, which describes how people make decisions involving risk. Tversky's writing is characterized by its clarity and rigor, aiming to make complex psychological concepts accessible. He received numerous accolades for his contributions to psychology, leaving a lasting legacy in both academic and practical arenas.

Book Details

Key information about the book.

Authors
Daniel Kahneman, Paul Slovic, Amos Tversky
Published
April 1982
Publisher
Cambridge University Press
ISBN
0521284147
Language
English
Pages
574
Genres
Cognitive PsychologyBusiness and EconomicsPsychologyBehavioral Economics

Purchase Options

Amazon logoBuy on Amazon
BookShop logoBuy via BookShop

Support local bookstores: BookShop gives a portion of each sale to independent bookshops!

Similar books you might like →

Misbehaving: The Making of Behavioral EconomicsBook binding

Misbehaving: The Making of Behavioral Economics Book Summary

In "Misbehaving: The Making of Behavioral Economics," Nobel laureate Richard Thaler takes readers on a riveting journey through the evolution of behavioral economics, a field that challenges traditional economic theories. Thaler candidly shares his experiences and groundbreaking experiments that reveal how human behavior often defies rational expectations, leading to surprising choices in everyday life. With a blend of humor and keen insight, he highlights the quirks and biases that influence decision-making, reshaping our understanding of markets and policies. This enlightening narrative not only unveils the complexities of human behavior but also emphasizes the importance of incorporating psychology into economic thinking. Dive into a world where misbehavior leads to profound revelations about the way we live, work, and decide!

Misbehaving: The Making of Behavioral Economics
Richard H. Thaler
NudgeBook binding

Nudge Book Summary

In "Nudge," behavioral economists Richard Thaler and Cass Sunstein unveil the subtle art of influencing choices and shaping outcomes without restricting freedom. They explore how small, seemingly insignificant changes in the way options are presented can lead to drastically improved decisions in health, finance, and overall happiness. With compelling real-world examples and engaging insights, the authors demonstrate how understanding human psychology can empower individuals and policymakers alike. Dive into a world where choice architecture transforms lives and reshapes society's approach to welfare. Discover the hidden nudges that could change everything about the way we choose!

Nudge
Richard H. Thaler, Cass R. Sunstein
I Will Teach You to Be Rich, Second EditionBook binding

I Will Teach You to Be Rich, Second Edition Book Summary

In 'I Will Teach You to Be Rich, Second Edition,' Ramit Sethi provides a no-nonsense guide to mastering personal finance with a blend of humor and practicality. He challenges conventional money advice and introduces readers to a unique banking system for maximizing their savings. Through straightforward strategies, Sethi reveals how to automate finances and invest wisely for the long term. Each chapter brims with actionable tips that encourage readers to take control of their financial futures. With insights that delve deep into psychology and behavior, this book is a game-changer for anyone seeking to build real wealth.

I Will Teach You to Be Rich, Second Edition
Ramit Sethi
TechnopolyBook binding

Technopoly Book Summary

In 'Technopoly,' Neil Postman explores the complex relationship between technology and culture, arguing that society's obsession with technology can lead to a dangerous loss of critical thought and human values. He illustrates how technological advancements can dominate cultural discourse, making other perspectives obsolete. Postman warns that as we become increasingly reliant on technology, we risk losing essential skills like reasoning and communication. With a keen eye for the implications of technological dominance, he urges readers to reflect on the values that should guide technological progress. This provocative examination challenges us to consider whether we are the masters of our creations or merely servants to them.

Technopoly
Neil Postman
Three Scientists and Their GodsBook binding

Three Scientists and Their Gods Book Summary

In 'Three Scientists and Their Gods', Robert Wright explores the profound connections between science, religion, and the human experience. He delves into the lives and thoughts of three pivotal figures—Albert Einstein, Charles Darwin, and Isaac Newton—revealing how their groundbreaking ideas reshaped our understanding of the universe. Through a captivating narrative, Wright challenges the dichotomy between faith and reason, urging readers to consider the spiritual implications of scientific discoveries. With philosophical depth and historical insight, the book raises tantalizing questions about the nature of existence and the divine. Are our beliefs about God shaped by our scientific understanding, or is there something more? Discover how these monumental thinkers grappled with the mysteries of life.

Three Scientists and Their Gods
Robert Wright
The Undoing ProjectBook binding

The Undoing Project Book Summary

In 'The Undoing Project', Michael Lewis explores the groundbreaking collaboration between two Israeli psychologists, Daniel Kahneman and Amos Tversky, whose revolutionary theories on decision-making changed our understanding of human rationality. Their research reveals the cognitive biases that influence our choices, often leading us astray in unexpected ways. Through compelling anecdotes and vivid storytelling, Lewis uncovers how their work not only transformed psychology but also impacted economics, medicine, and public policy. As their friendship deepens amid professional triumphs and personal struggles, the book delves into the complexities of the human mind and the power of perspective. Will their insights lead to a newfound awareness of our own thought processes? Discover the fascinating tale behind the science of thinking.

The Undoing Project
Michael Lewis
Hatching TwitterBook binding

Hatching Twitter Book Summary

In 'Hatching Twitter', Nick Bilton unveils the tumultuous rise of the social media giant Twitter, chronicling the intense rivalries and relationships among its founders. From a small idea in a messy office to a billion-dollar company, the book reveals the behind-the-scenes struggles and creative tensions that shaped the platform. Readers will discover the personal sacrifices and ethical dilemmas faced by the key players in this digital revolution. With gripping storytelling, the book captures the chaotic blend of ambition, innovation, and betrayal that defined Twitter's inception. What will you uncover about the true stories behind the tweets?

Hatching Twitter
Nick Bilton
Nursery CrimesBook binding

Nursery Crimes Book Summary

In 'Nursery Crimes' by Ayelet Waldman, the seemingly idyllic lives of parents are shattered when a series of mysterious and comical events unfold in a local daycare. As mom and former public defender turned sleuth, Amanda, delves into the chaos, she uncovers dark secrets lurking beneath the surface of quaint playgrounds. With a mix of humor and suspense, Amanda navigates the complexities of parenthood while unraveling a conspiracy that could shake their community to its core. As each clue reveals unexpected twists, readers are drawn into a whirlwind where nothing is quite what it seems. Can Amanda solve the mystery before it’s too late, or will the truth remain hidden among the nursery rhymes?

Nursery Crimes
Ayelet Waldman

Showing 8 of 30 similar books

Take your reading experience to the next level

Download our mobile app to enjoy your favorite books on the go. Get access to exclusive features, offline listening, and personalized recommendations.

Download on the App Store

Similar Book Recommendations →

Jan Losert's Book Recommendations

Jan Losert's Book Recommendations

Jan Losert is a visionary author and digital design expert, renowned for his contributions to the intersection of technology and creativity. His most significant work includes co-authoring "Design Systems Handbook," which has become a seminal guide for creating cohesive and efficient design frameworks. Losert's expertise extends to his role as a speaker and educator, where he passionately shares his insights on user experience and interface design. In addition to his literary achievements, he co-founded several successful startups, leveraging his deep understanding of design to drive innovation. His work continues to influence and inspire both emerging and established designers worldwide.

Creativity and InnovationTechnology and Future
Ray Dalio's Book Recommendations

Ray Dalio's Book Recommendations

Ray Dalio is the founder of Bridgewater Associates, one of the largest and most successful hedge funds in the world. He is also the author of the bestselling book Principles, where he outlines his philosophy on life, leadership, and investing. Ray is renowned for his unique approach to transparency, radical truth, and thoughtful disagreement within organizations. His insights into economics and investing have made him one of the most influential figures in the financial world. Dalio continues to be a thought leader in business, economics, and philanthropy.

Business and LeadershipSuccess Stories and Life LessonsInspiring Reads
Jackie Vullinghs's Book Recommendations

Jackie Vullinghs's Book Recommendations

Jackie Vullinghs is a venture capitalist and partner at AirTree Ventures, one of Australia’s leading venture firms, where she focuses on early-stage technology investments. Vullinghs has a background in finance and product management, and she is passionate about helping startups grow and scale. She invests in a wide range of sectors, including fintech, SaaS, and consumer technology. Vullinghs is also a vocal advocate for diversity in tech and venture capital, often speaking about the importance of supporting underrepresented founders. Her work in venture capital has positioned her as a key figure in the Australian startup ecosystem.

Business and LeadershipWomen Who LeadInspiring Reads
Brendon Burchard's Book Recommendations

Brendon Burchard's Book Recommendations

Brendon Burchard is a high-performance coach, motivational speaker, and bestselling author, best known for his books High Performance Habits and The Motivation Manifesto. He helps individuals and organizations achieve peak performance through strategies focused on clarity, energy, and productivity. Brendon’s work emphasizes the importance of personal growth and developing habits that lead to sustained success. He has coached Fortune 500 CEOs, Olympians, and other high-achieving individuals. Brendon is also the founder of the High Performance Academy, where he trains people to lead more impactful and successful lives.

Self-ImprovementSuccess Stories and Life LessonsProductivityBusiness and Leadership
Alex Hormozi's Book Recommendations

Alex Hormozi's Book Recommendations

Alex Hormozi is a celebrated entrepreneur, author, and founder of Acquisition.com, a company dedicated to helping businesses scale efficiently. He gained prominence with his best-selling book "Gym Launch Secrets," which provides a blueprint for fitness entrepreneurs to grow their businesses. Hormozi is also known for "The Million Dollar Offers" book, where he shares strategies on creating irresistible offers that drive sales. His work has significantly impacted the business community, providing practical insights and actionable advice for entrepreneurs. Through his books and business ventures, Hormozi continues to inspire and guide countless individuals on their journey to success.

Business and LeadershipSuccess Stories and Life Lessons
James Altucher's Book Recommendations

James Altucher's Book Recommendations

James Altucher is an American hedge fund manager, entrepreneur, author, and podcaster known for his candid and unconventional approach to success and self-improvement. He has authored over 20 books, including bestsellers like "Choose Yourself" and "Reinvent Yourself," which emphasize the importance of resilience and personal empowerment. Altucher is also a prolific blogger, sharing insights on various topics ranging from finance to mental health. His podcast, "The James Altucher Show," features in-depth interviews with a diverse array of influential figures, further cementing his reputation as a thought leader. Through his writing and media presence, Altucher has inspired millions to embrace failure as a stepping stone to success.

Self-ImprovementSuccess Stories and Life LessonsInspiring Reads
Daniel Kahneman's Book Recommendations

Daniel Kahneman's Book Recommendations

Daniel Kahneman is a renowned psychologist and Nobel laureate, celebrated for his groundbreaking work in the field of behavioral economics. He co-authored the seminal book "Thinking, Fast and Slow," which explores the dual systems of thought and has profoundly influenced both psychology and economics. Kahneman's research, particularly his collaboration with Amos Tversky on prospect theory, challenged the traditional rational model of decision-making and earned him the Nobel Prize in Economic Sciences in 2002. His contributions have reshaped our understanding of human judgment, decision-making, and the nature of happiness. Kahneman continues to be a leading voice in the study of cognitive biases and heuristics.

Self-ImprovementBusiness and LeadershipSuccess Stories and Life LessonsMindfulnessEducation
Arianna Huffington's Book Recommendations

Arianna Huffington's Book Recommendations

Arianna Huffington is the founder of The Huffington Post and Thrive Global, a company focused on wellness and productivity. She is a bestselling author and prominent speaker on the importance of sleep and managing stress. Arianna’s work emphasizes the importance of balance between professional success and personal well-being. Her book The Sleep Revolution has inspired a global movement to prioritize rest. She is considered one of the most influential women in media and business.

Women Who LeadWellness WisdomProductivityLife Advice

"We often make decisions based on intuition and biases, leading us to underestimate uncertainty and overestimate our understanding of the world."

Judgment Under Uncertainty

By Daniel Kahneman, Paul Slovic, Amos Tversky

Frequently Asked Questions