Michael Lewis's Tip of the Hat

San Francisco Magazine Ian A. Stewart Tabitha Soren A pair of pioneering behavioral economists get their due from a journo who’s unwittingly relied on their breakthroughs. From the basketball player who falls prey to the “hot hand” fallacy to the day trader convinced he can outsmart the market, we often follow our gut instincts rather than trust the numbers—even when it makes little sense. Such were the findings of Amos Tversky and Daniel Kahneman, whose work essentially created the fiel...