Michael Lewis On How Behavioural Economics Changed The World

Published: Nov. 24, 2017, 12:05 a.m.

b"Michael Lewis\\xa0is one of the most successful non-fiction authors alive. He has been acclaimed as a genius by Malcolm Gladwell and as the best current writer in America by Tom Wolfe. In a series of titles that have sold 9 million copies worldwide, he has lifted the lid on the biggest stories of our times, enthralling readers with his knack for humanising complex subjects and giving them the page-turning urgency of the best thrillers.\\xa0Liar's Poker\\xa0is the cult classic that defined Wall Street during the 1980s;\\xa0Moneyball\\xa0was made into a film with Brad Pitt;\\xa0Boomerang\\xa0was a breakneck tour of Europe\\u2019s post-crunch economy; and\\xa0The Big Short\\xa0was made into a major Oscar-winning film starring\\xa0Christian Bale, Ryan Gosling and Steve Carell. In November 2017\\xa0Lewis\\xa0came\\xa0to the Intelligence Squared stage, where he was joined by\\xa0Stephanie Flanders, former economics editor at the BBC. Discussing the themes of his latest book,\\xa0The Undoing Project: A Friendship that Changed the World,\\xa0they explored the extraordinary story of the relationship between Daniel Kahneman and Amos Tversky \\u2013 a collaboration which created the field of behavioural economics. This is the theory which shows that human beings are not the rational creatures we imagined ourselves to be, and has revolutionised everything from big data to medicine, from how we are governed to how we spend, from high finance to football. It won Kahneman the Nobel Prize in economics in 2002 \\u2013 the first time the award had gone to a psychologist.\\n\\nSupport this show http://supporter.acast.com/intelligencesquared.\\n\\nSee acast.com/privacy for privacy and opt-out information.\\nLearn more about your ad choices. Visit podcastchoices.com/adchoices"