Ep. 648: Thinking Clearly with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Perversion of Common Sense
"Academics have a very, mostly academics have a very bad mental model of the way people use models," he says. "They still tend to teach economics and finance in a very mathematical way with axioms and theorems and lemmas" The idea of human behavior being put into these formulas that resemble physics formulas is kind of maybe fooling ourselves, isn't it?
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