to write a report. He was commissioned to write a report on the work of Daniel
Coniman and Amos Tversky who you described me revealing I had written a long
report on my friend's Coniman and Tversky back in the 1980s and you told
pair I had told you that and and I think his words were oh he shouldn't have
done that. I'm not sure he was allowed to say that but fine. Oh okay well
that's his problem not mine. This show owes me an apology for trying to block
my slim chances and drive them to zero. Well let me ask you just to entertain the
counterfactual maybe it made that Nobel committee think oh that
Thaler he's his own man. He identifies what he thinks are important ideas and
he feels it's important to disseminate them even at personal risk to himself and
because you know well it would be a object so on and if I recall correctly I'm
just curious to know what your recollection is you basically said that sounds
like a lot of work and I got other stuff going on so I'll buy you lunch but then
scram that was my recollection and I've always been disappointed that we never
worked on a book together I'm curious if that squares with your recollection.
Yeah it really is too bad for you because when you got done with me you said I'm
going over to the economics department to talk to this young guy love it and
then I think you abandoned the idea of writing a book with me because sumo
wrestlers are more important than mental accounting but my recollection of
this story was that I thought maybe I had a book in me and eventually I did
obviously you did you had two more and maybe maybe more beyond. So you know this
is the tallest midget theory but you know by economist standards I write well
and we're explicitly thinking about what are a class of situations in which
people are likely to make a mistake so it's like you know you go into some
restaurant and somebody's leading you to your table and there's that one step
down and they say watch your step and they say watch your step because if they
don't you know three people a night will fall down and they'll have lawsuits so
you know you can be a spectator watching that and say oh that guy is about to
make a mistake. Now you would have made that mistake too so what we try to do is
find those steps that are not quite in sight that will throw a majority of
market participants off. Let me ask you a
