Ep. 514: Epic Behavioral Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Effects of Monkeys on Risk Preferences
The monkeys get more risk-seeking when they're dealing with losses. They gamble more when they think they're in a situation of losing out. And we even found evidence that they show something like what folks call an endowment effect, this idea that you overvalue objects that you own. So the surprising thing is that when we see similarities across capuchin monkeys and humans, it suggests the strategies are pretty old.
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