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Ep. 468: Irrationality with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Behavior in Economics

Vernon Smith won the Nobel Prize in 2002 for something called experimental economics. He went into the lab and he figured out how do people respond in markets? What is driving them? Because it sure as hell not fundamentals. And Vernon was able to document this in a way that no one had documented before.

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