44 pages • 1 hour read
Michael LewisA modern alternative to SparkNotes and CliffsNotes, SuperSummary offers high-quality Study Guides with detailed chapter summaries and analysis of major themes, characters, and more.
As Danny and Amos’s collaborative work—some of which was conducted in Eugene, Oregon—gathered momentum, they began to look for mistakes and biases created by the human mind. For Danny in particular, this period of fruitful collaboration changed his life. When he recalled this time together, he remembered, “I would say something and Amos would understand it. When one of us would say something that was off the wall, the other would search for the virtue in it” (180). Their comfort level with each other provided a foundation for their work. In the subsequent months they developed theories about subjective probability, rules of thumb that the mind resorted to, meaning heuristics and mental models. In essence, their arguments revolved around the idea that “the mind had these mechanisms for making judgments and decisions that were usually useful but also capable of generating serious error” (188).
The more Danny and Amos studied the issue and conducted their thought experiments, the more convinced they were that the human mind plays tricks on itself when making judgments. These tricks stemmed from biases, such as what Danny and Amos called the “recency bias” and the “vividness bias.” The more recent and vivid people’s experience was in relation to a judgment, the more likely they were to rely on a model within their own mind, as opposed to analyzing the situation objectively. The stories we tell ourselves in our minds create rules, and these rules confine “people’s thinking. It’s far easier for a Jew living in Paris in 1939 to construct a story about how the German army will behave much as it had in 1919, for instance, than to invent a story in which it behaves as it did in 1941” (195).
This chapter introduces Danny and Amos’s ideas in a more sophisticated manner, paralleling how those ideas became more refined and sophisticated themselves. Beyond their developing theories on subjective probabilities, heuristics, and mental models, Danny and Amos grounded their work in foundational premises, questions that drove the impetus of their joint research. One of these questions, the logical next step from their paper “Belief in the Law of Small Numbers, asked: “If people did not use statistical reasoning, even when faced with a problem that could be solved with statistical reasoning, what kind of reasoning did they use?” (183). This line of inquiry became central to their conversations and to their joint work.
This chapter also recounts how both men moved to Eugene, Oregon, with their families, ostensibly just to be able to talk to together in the same room while devising their theories on the complexities of the human mind. As Danny recalled, “We were quicker in understanding each other than we were in understanding ourselves” (180).
By Michael Lewis