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Ep. 549: Scott Hartley with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Implications of Design Tweaks in Technology

The opportunity costs over the course of a lifetime are massive. A study that two guys came up with a few years back where they looked at 13 million data points, a guy named Giovanni Pachi at Columbia and Kareem Haggag, I believe at Chicago. And when the New York City taxi cabs changed the tipping structure to 15, 20 and 25 percent, the actual impact for taxi drivers was $6,000 a year per driver. You know, these are really the questions of our day. To say that we only need technologists is false. There's a role for you in Silicon Valley.

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