Judgment under Uncertainty : Heuristics and Biases

Rating:
Summary: This is the best book I've ever seen about probability.
Review: I've never seen better explanations of how probabilities should be calculated. And the book is fascinating -- especially what the authors describe about the results of surveys designed to reveal the most common mistakes people make when estimating probabilities.

Rating:
Summary: my humble opinion
Review: Of course, my humble opinion relative to Nobel award committee will hold little intrinsic value, other than a layman's interpretation and application.

An economist myself, I found this book very interesting and educational to read. Although the book is quite verbose, the fluidity and organization of the content facilitates a smooth read - not a bludgeoning of the mind.

I found this book particularly applicable to research in market behavior, systemic analysis (because this book outlines the individuals and how they act within the system); even policy development (uncertainty).

I would recommend this book to anyone interested in psychology, social psychology, economics, policy, and politics.

Regards,
Tyler Markowsky