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Ep. 194: Dan Ariely Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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Pascal Wages for the Existence of God

Most of my work is in microeconomics, I look at individual behavior. macroeconomics depend on so many other things and the truth is we understand macroeconomics very little. We have this general explanation that might capture some of the variants and some of the essence but are so imprecise that I think we should be incredibly leery of them. Go back to the fall of 2008. You saw the amount of financial devastation we had by these mistakes. So I think we need to understand how economics is important or the way we function. We need to study it to a much higher degree. It's like an FDA procedure for approving which economic theories we're going to let dictate our

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