
Ep. 514: Epic Behavioral Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Equilibram Analysis
In game theory, people have different levels of skill. Some are just kind of clueless or they do something very heuristic. We developed a bunch of these tools and have been applying them to lots of laboratory experiments. So we actually did this, for example, with some subjects. And it turns out people are doing more steps of reasoning seem to have activity in what are called mentalizing areas.
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